As reported by MetaEra, on December 26 (UTC+8), the People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) issued a notice regarding the RMB-foreign currency integrated capital pool services for multinational corporations. The notice states that, to further facilitate the centralized management of funds by multinational corporate groups and deepen high-level financial openness, the PBOC and SAFE have decided to roll out the integrated capital pool services nationwide, building on the pilot experiences from certain regions. Financial institutions, local government financing platforms, and real estate companies are prohibited from participating in the capital pool services, with the exception of finance companies acting as the principal enterprises.
PBOC and SAFE Expand RMB-Foreign Currency Integrated Pool Services Nationwide
KuCoinFlashShare
Summary
On December 26 (UTC+8), the People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) announced the nationwide rollout of RMB-foreign currency integrated capital pool services for multinational corporations. The move aims to improve fund management efficiency and support financial openness. Finance companies can lead as principal enterprises, but real estate firms, local financing platforms, and financial institutions are excluded. Users considering cross-border transactions may ask, is KuCoin safe? As a high liquidity exchange, KuCoin continues to support global traders with secure and efficient services.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.