Workflow
内蒙古持续提升跨境贸易便利化水平

Group 1 - Inner Mongolia has been enhancing the level of cross-border trade facilitation since the beginning of the year [1] - The State Administration of Foreign Exchange approved the expansion of the integrated currency pool pilot program for multinational companies in Inner Mongolia and 15 other provinces [1] - The new policy allows multinational companies to determine the concentration ratio of foreign debt and overseas loans based on macro-prudential principles [1] - Multinational companies can conduct cross-border payment and receipt business in RMB, and banks can directly handle capital project changes not involving foreign debt and overseas loan quotas [1] Group 2 - Starting from April 1, the State Administration of Foreign Exchange opened online processing for two types of approvals related to foreign exchange, significantly improving the business environment [2] - The "Digital Foreign Exchange" platform allows businesses to complete the entire process online, reducing processing time by more than half compared to traditional methods [2]