B · Normal
[National promotion of multinational company capital pool policy and the first batch of business implementation in many places] September 16th, cross-border capital management of multinational companies has entered a new stage of facilitation. The "Notice on Matters Concerning the Concentrated Operation of Domestic and Foreign Currency Cross-border Funds of Multinational Corporations" jointly issued by the People's Bank of China and the State Administration of Foreign Exchange came into effect on September 14. The centralized operation of cross-border funds of Domestic and Foreign Currency by transnational corporations has expanded from pilot areas to the whole country. The reporter found that since the implementation of the policy, the first batch of cases have been implemented in Tianjin, Zhejiang, Fujian, Shandong, Chongqing and other places, and the "living water" of cross-border funds has been accelerated to support the global layout of enterprises. At the same time, since September, many places have launched or optimized pilot projects for integrated domestic and foreign currency capital pool businesses, and cross-border capital management has continued to release facilitation signals. (Shanghai Securities News)
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