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China’s CZ Bank Licenses New Treasury System

China Zheshang Bank (CZ Bank) has selected Misys Banking Systems to provide a treasury management system offering full multi-asset class coverage for trading, risk and operations.

Shen Bin,head of treasury at CZ Bank, says the bank sought a "fully integrated system that would link all parts of our treasury functions, including money markets, fixed income, FX, derivatives and accounting".

John Palmiero, head of sales, Asia at Misys, says the firm is relied upon for processing multiple asset classes in more than 135 institutions globally and adds that the banking industry in China is growing faster than most other countries.

CZ Bank is a new bank, founded in Hang Zhou in August 2004.

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