PANews
PANews|12月 26, 2025 11:12
[PBOC and SAFE: Decision to Promote the Nationwide Rollout of Integrated Domestic and Foreign Currency Cash Pooling for Multinational Corporations] According to Jin10, the People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) have issued a notice regarding matters related to the integrated domestic and foreign currency cash pooling business for multinational corporations. The notice states that, to further facilitate the centralized use of funds by multinational corporate groups, deepen high-level financial openness, and support the high-quality development of the real economy, the PBOC and SAFE have decided, based on the experience of previous regional pilot programs, to promote the nationwide rollout of the integrated domestic and foreign currency cash pooling business for multinational corporations. Financial institutions, local government financing platforms, and real estate enterprises are prohibited from participating in the cash pooling business, except for finance companies serving as the lead enterprise.
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