跨国公司本外币一体化资金池业务推广至全国

Core Viewpoint - The People's Bank of China and the State Administration of Foreign Exchange have announced the nationwide promotion of the integrated currency pool business for multinational corporations, aimed at facilitating cross-border fund collection and usage [1][2]. Group 1: Policy Framework - The integrated currency pool policy framework will unify the management of domestic and foreign currency pool businesses, encouraging enterprises to conduct operations in local currency [1]. - Local foreign exchange bureau branches will serve as a "one-stop" window for enterprises to handle registration and other procedures, reducing operational costs [1]. Group 2: Cross-Border Fund Management - The policy allows multinational corporations to manage both domestic and foreign currency funds centrally, enabling unified scheduling and usage [2]. - The external debt and overseas lending limits can be flexibly adjusted, allowing corporations to borrow up to 3.5 times and 0.8 times their equity in the currency pool [2]. - The policy facilitates the handling of current account transactions, allowing corporations to manage concentrated receipts and payments or net settlements through the main enterprise [2]. Group 3: Supervision and Management - The policy includes enhanced supervision and management of the currency pool business, with local branches of the People's Bank and foreign exchange bureau required to strengthen statistical monitoring and conduct inspections [1]. - The integrated currency pool policy is seen as a significant step in financial supply-side structural reform, aimed at reducing costs and improving efficiency for enterprises [2]. Group 4: Market Reception and Future Steps - The policy has been well-received by businesses, with reports of smoother cross-border settlements and reduced exchange costs, supporting international business expansion [2]. - Approximately 300 multinational corporations meet the application requirements for the integrated currency pool, with 98 already implementing related business through pilot programs [2]. - Future efforts will focus on optimizing cross-border fund management policies and enhancing the convenience of cross-border trade and investment [3].