my country's expansion of multinational companies' domestic and foreign currency integrated funds pilot pilots

People's Bank of China building. (Shi Xinhua)

The reporter learned from the People's Bank of China on the 22nd that a few days ago, the People's Bank of China and the State Administration of Foreign Exchange decided to carry out the pilot of the second batch of local and foreign currency funds pools in Shanghai, Guangdong, Shaanxi and other places to facilitate cross -border funds for multinational companies' corporate companies. use.

In order to strengthen the support of the economic development policy of the headquarters, the People's Bank of China and the Foreign Exchange Bureau have recently decided to carry out the pilot pilots of the integrated domestic and foreign currency capital pools in Shanghai, Guangdong, Shaanxi, Beijing, Zhejiang, Shenzhen, Qingdao, Ningbo and other places to further optimize Management policy.

According to relevant people from the People's Bank of China, the content of the pilot policy mainly includes: one is to increase the number of pilot areas and enterprises; the other is to allow multinational companies to handle the centralized collection and payment business of foreign coins in domestic members; Cross -border income and expenditure business.

The reporter learned that in recent years, the People's Bank of China and the Foreign Exchange Bureau have actively supported the construction of a higher -level open -type economic system, and continuously facilitated the use of cross -border funds for multinational companies. In March 2021, the People's Bank of China and the Foreign Exchange Bureau carried out the first batch of local and foreign currency funds pilots in Beijing and Shenzhen. Since the pilot, the scale of cross -border funding operations has a total scale of nearly 50 billion US dollars, which significantly improves the overall use efficiency of cross -border funds for multinational companies and foreign currencies, and effectively reduces corporate exchange risks and financial costs.

According to reports, the next step, the People's Bank of China and the Foreign Exchange Bureau will continue to promote the facilitation of cross -border trade and investment and financing, focus on creating a market -oriented international business environment, and support the stable and healthy development of the foreign -related economy. (Reporter Wu Yu, Liu Kaixiong)

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