Core Insights - The People's Bank of China has successfully launched the first cross-border fund concentration operation upgraded to an integrated fund pool for multinational companies in Ningbo, enhancing cross-border investment and financing for these companies [1][2] - The State Administration of Foreign Exchange (SAFE) has optimized the pilot policy for integrated fund pools in Ningbo and other regions, simplifying procedures and expanding the scope of business [1] - China Bank Ningbo Branch has actively engaged with target enterprises to facilitate the release of policy benefits, significantly reducing operational costs and processing times for businesses [2] Group 1 - The launch of the integrated fund pool business aims to facilitate cross-border investment and financing for multinational companies [1] - The pilot policy by SAFE includes simplified procedures and expanded business scope, improving fund utilization efficiency [1] - The China Bank Ningbo Branch has provided targeted support to enterprises, resulting in a significant reduction in operational costs and processing times [2] Group 2 - A specific manufacturing enterprise benefited from a $50,000 overseas loan through the integrated fund pool, addressing its cross-border fund transfer needs [2] - The processing time for related business has been reduced by 50% to 80%, allowing for rapid application and approval [2] - The China Bank Ningbo Branch plans to continue aligning with diverse customer needs and promoting effective implementation of fund pool policies [2]
中国银行宁波市分行：推动政策红利释放便利跨国公司跨境投融资