X-border RMB cash-pool programme reignited

China’s top policymaker turned the tap back on (again) for companies to sweep renminbi funds across borders via two-way renminbi cash pooling ... but it's not entirely clear how this differs from the existing regime


China’s National Development and Reform Commission (NDRC) issued a notice on May 2, "promoting" the nation’s twoway cross-border renminbi cash pooling programme in 12 trial zones set up last year. Under a pilot, dubbed "Establishment of a New System...

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