The People's Bank of China and the State Administration of Foreign Exchange decided to promote the integrated local and foreign currency fund pool business of multinational companies throughout the country on the basis of summing up the pilot experience in some regions in the early stages. The multinational corporation referred to in the notice refers to an enterprise consortium composed of domestic and foreign parent companies, subsidiaries, participating companies, and other member enterprises or institutions using capital links as links. Multinational companies' local and foreign currency integrated fund pool business means that multinational companies centrally operate and manage domestic and foreign currency funds according to their own operating and management needs, and carry out operations such as capital collection and surplus transfer, centralized payment of current account funds, and net settlement of margin differences. Financial institutions, local government financing platform companies, and real estate companies are not allowed to participate in capital pooling operations, with the exception of finance companies acting as hosts. To carry out capital pool business, multinational companies should apply for filing registration with the branch office of the State Administration of Foreign Exchange in the province, autonomous region, municipality directly under the Central Government and planned separate city to which the host enterprise belongs. Application materials may be submitted by the host enterprise or a cooperative bank commissioned by the host enterprise to the branch office of the State Administration of Foreign Exchange where the host enterprise is located.

The People's Bank of China and the State Administration of Foreign Exchange decided to promote the integrated local and foreign currency fund pool business of multinational companies throughout the country on the basis of summing up the pilot experience in some regions in the early stages. The multinational corporation referred to in the notice refers to an enterprise consortium composed of domestic and foreign parent companies, subsidiaries, participating companies, and other member enterprises or institutions using capital links as links. Multinational companies' local and foreign currency integrated fund pool business means that multinational companies centrally operate and manage domestic and foreign currency funds according to their own operating and management needs, and carry out operations such as capital collection and surplus transfer, centralized payment of current account funds, and net settlement of margin differences. Financial institutions, local government financing platform companies, and real estate companies are not allowed to participate in capital pooling operations, with the exception of finance companies acting as hosts. To carry out capital pool business, multinational companies should apply for filing registration with the branch office of the State Administration of Foreign Exchange in the province, autonomous region, municipality directly under the Central Government and planned separate city to which the host enterprise belongs. Application materials may be submitted by the host enterprise or a cooperative bank commissioned by the host enterprise to the branch office of the State Administration of Foreign Exchange where the host enterprise is located.