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أخبار الصين
China Extends Cross-Border Cash Pooling
China announced the expansion of its cross-border cash pooling program to include more multinational companies, aiming to enable them to centrally manage their funds in Renminbi and foreign currencies. The new policy will take effect on September 14 and allows companies to consolidate their foreign debts, foreign lending quotas, and determine the proportion of funds pooled independently. The program was initially launched on a trial basis in Beijing and Guangdong in 2023, with over 260 participating companies benefiting more than 5,500 domestic and foreign firms. Registration procedures have been simplified, and regulatory guidelines have been updated to protect capital flows from risks.
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