跨国公司本外币一体化资金池业务在全国范围推广带来多重利好

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 companies, effective immediately, following successful pilot programs in select regions [1][3]. Group 1: Overview of the Integrated Currency Pool Business - The integrated currency pool business allows multinational companies to centrally manage both domestic and foreign currency funds, facilitating fund collection and allocation based on operational needs [1]. - This initiative transitions from a "local pilot" to "full coverage," providing three main benefits: scale effect from centralized funds, significant cost savings in financial management, and simplified business procedures [1]. Group 2: Conditions and Participation - Multinational companies must meet nine specific conditions to engage in the currency pool business, including having genuine business needs and a robust cross-border fund management framework [3]. - As of the end of September, 98 multinational companies and over 5,000 of their domestic and foreign member enterprises have participated in the pilot, with a cross-border transaction volume of approximately 150 billion USD in the first nine months of the year [3].