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More multinationals to benefit from pilot program for cross-border multi-currency cash pooling
China will expand the scope of a pilot program for cross-border multi-currency cash pooling (inclusive of RMB) in Shenzhen in south China's Guangdong Province, so that more multinationals can manage their cross-border cash flow in a more efficient manner, according to a recent notice by the local counterparts of State Administration of Foreign Exchange (SAFE) and the People's Bank of China (PBOC).
May31,2022
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