2 days ago2 min readbusiness
China Widens Cross-Border Cash Pooling Program for Multinationals
Kathmandu— China will expand a program allowing multinational corporations to centrally manage their cross-border funds, including both renminbi and foreign currencies, nationwide starting September 14th. The move, announced Friday by the People’s Bank of China and the State Administration of Foreign Exchange, aims to provide greater financial flexibility for international businesses operating within the country. […]
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Source:ABC News
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Organizations (4)
State Administration of Foreign Exchangecooperating banksPeople's Bank of ChinaXinhua
Locations (4)
BeijingKathmanduChinaGuangdong Province
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Beijing
Kathmandu
China
Guangdong Province
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