In order to further facilitate the collection and use of funds by multinational corporate groups, deepen high-level financial openness, and support the high-quality development of the real economy, the People's Bank of China and the State Administration of Foreign Exchange have decided to promote the centralized operation of multinational companies' domestic and foreign currency cross-border capital operations throughout the country.

Zhitongcaijing · 3d ago
In order to further facilitate the collection and use of funds by multinational corporate groups, deepen high-level financial openness, and support the high-quality development of the real economy, the People's Bank of China and the State Administration of Foreign Exchange have decided to promote the centralized operation of multinational companies' domestic and foreign currency cross-border capital operations throughout the country.