Issued by: People’s Bank of China, State Administration of Foreign Exchange
Release Date: March 13, 2025
Links: https://www.safe.gov.cn/safe/2025/0313/25847.html

The pilot program of the integrated RMB and foreign currency cash pooling for multinational corporations is further expanded into Tianjin, Hebei, Inner Mongolia, Heilongjiang, Anhui, Fujian, Shandong, Hubei, Hunan, Guangxi, Chongqing, Sichuan, Guizhou, Yunnan, Xinjiang, Xiamen and other provinces and municipalities. This facilitates the cross-border fund management and utilization of multinational corporations. The main contents of the pilot program include:
1. Allowing multinational corporations to determine the concentration ratios of foreign loan and overseas lending on their own according to the macro-prudential principle.
2. Permitting multinational corporations to handle the centralized collection and payment of RMB and foreign currency for overseas member enterprises through the main fund account in China.
3. Further facilitating multinational corporations to conduct cross-border receipts and payments in RMB.
4. Changes and other businesses under capital matters which do not involve the quota of foreign loan or overseas lending can be handled directly by the bank.