Two departments: promoting the integrated cash pooling business of multinational companies in both local and foreign currencies nationwide.

According to the app of Securities Times, on December 26, the People's Bank of China and the State Administration of Foreign Exchange jointly issued the "Notice on Matters Related to the Integrated Fund Pooling Business of Multinational Corporations". The notice promotes the integrated fund pooling business of multinational corporations in the entire country. The content of the notice includes: firstly, establishing a policy framework for integrated fund pooling in both domestic and foreign currencies. The integrated fund pooling business in both domestic and foreign currencies will be included in unified management, encouraging enterprises to conduct fund pooling business in the domestic currency. At the same time, it is clarified that the sub-bureaus of the State Administration of Foreign Exchange in various regions will provide a "one-stop" service to handle fund pooling business filing and registration for enterprises, reducing the "footing costs" for enterprises.