Guide
Han Kun Law LLP: Cross-Border Cash Pool – Reform and Integration
On April 1, 2025, the People's Bank of China ("PBoC") and the State Administration of Foreign Exchange ("SAFE") jointly issued the Notice on Issuing the Administrative Measures for Integrated RMB and Foreign Currency Cash Pooling of Multinational Corporations (Draft for Comments)[1] ("Draft High-version Cash Pooling"), aiming to promote nationwide the relatively mature High-version Cash Pooling (defined below) policies developed in earlier pilot programs.
On July 25, 2025, PBoC and SAFE jointly issued the Notice on Issuing the Administrative Measures for Centralized Operation and Management of Cross-Border RMB and Foreign Currencies by Multinational Corporations (Draft for Comments)[2] ("Draft Low-version Cash Pooling"), in order to achieve nationwide application of the relatively mature Low-version Cash Pooling (defined below) policies developed in earlier pilot programs.