With the steady progress of China's highlevel opening-up and the faster pace of Chinese enterprises going global in recent years,demand for improved facilitation of cross-border funds has been on the rise.In March...With the steady progress of China's highlevel opening-up and the faster pace of Chinese enterprises going global in recent years,demand for improved facilitation of cross-border funds has been on the rise.In March 2021,the People's Bank of China(PBOC)and the State Administration of Foreign Exchange(SAFE)launched the first pilot cash pooling program integrating domestic and foreign currency management for multinational corporations in Beijing and Shenzhen.展开更多
The current account balance is a crucial indicator of a country's trade competitiveness and international economic standing.Overthe years,China's current account has demonstrated remarkable resilience,serving ...The current account balance is a crucial indicator of a country's trade competitiveness and international economic standing.Overthe years,China's current account has demonstrated remarkable resilience,serving as the"ballast stone"in maintaining the country's balance of payments(BOP).展开更多
文摘With the steady progress of China's highlevel opening-up and the faster pace of Chinese enterprises going global in recent years,demand for improved facilitation of cross-border funds has been on the rise.In March 2021,the People's Bank of China(PBOC)and the State Administration of Foreign Exchange(SAFE)launched the first pilot cash pooling program integrating domestic and foreign currency management for multinational corporations in Beijing and Shenzhen.
文摘The current account balance is a crucial indicator of a country's trade competitiveness and international economic standing.Overthe years,China's current account has demonstrated remarkable resilience,serving as the"ballast stone"in maintaining the country's balance of payments(BOP).
