- PBOC extends RMB and foreign currency cash pooling across China.
- Financial institutions and real estate firms excluded from participation.
- Policy supports multinational corporations’ fund management nationwide.
The People’s Bank of China and the State Administration of Foreign Exchange announced on December 26 to expand nationwide RMB and foreign currency cash pooling for multinational corporations.
This policy aims to streamline fund management for multinational corporations, excluding certain entities, and support China’s high-level financial openness and real economy development.
China Expands Financial Openness with Cash Pooling Initiative
In an effort to push forward with its financial openness, China will implement integrated RMB and foreign currency cash pooling nationwide. This initiative, crafted by the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE), marks a critical expansion from prior regional pilots, involving corporations like Sinochem Group and Shell Group.
Effective immediately, multinational corporations in China are offered greater liquidity management capabilities, enabling streamlined cross-border transactions and investments. However, the initiative excludes financial institutions, government financing platforms, and real estate firms from participation, as highlighted in the official notice issued by PBOC and SAFE.
Initial industry feedback indicates a positive reception, especially among multinational entities. Companies see this extension as a chance to enhance operational efficiencies. Yet, for now, no significant feedback from major figures in the cryptocurrency community has been recorded, as this policy largely pertains to traditional financial spaces.
Historical Milestones and the Implication on Financial Strategy
Did you know? The move to integrate nationwide RMB and currency cash pooling builds on the cumulative $50 billion in cross-border transactions handled during initial pilots starting in 2021. This policy promises a similar broad impact across China.
Ethereum (ETH), as of 17:06 UTC on December 26, 2025, stands at $2,913.40 with a 24-hour trading volume of $19.49 billion. The last 90 days saw a steep decline of 27.21%. Data source: CoinMarketCap.
Insights from the Coincu Research Team suggest that while this opening does not directly intersect with cryptocurrency regulations, it reflects a significant pivot in financial strategy. “China’s policy advancements demonstrate a consistent pattern of incremental financial liberalization,” often serving as a precursor to potential regulatory innovations.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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