The People's Bank of China and the State Administration of Foreign Exchange have decided to promote the integrated RMB and foreign currency cash pooling business of multinational corporations nationwi

The People's Bank of China and the State Administration of Foreign Exchange are promoting the integrated RMB and foreign currency cash pooling business of multinational corporations nationwide to facilitate the collection of funds and deepen financial opening-up, but financial institutions, local government financing platforms and real estate companies are not allowed to participate.