RMB Cash Pooling Business

The slowing down of the Chinese economy with a drop in the foreign exchange reserve has also affected cash pooling services for multinational corporations.

In the last issue of the Ecovis newsletter "info international" 1.2016 we contributed an article with news from China that RMB operations were being centralised. In the article we introduced the three available options for cash pooling business in the PRC which regulatory bodies in the last months of 2015 further facilitated. Among the methods introduced was the China-wide cross-border bilateral RMB capital pooling, the "free trade zone" renminbi capital pooling as well as the centralized operation of foreign exchange funds by multinational corporations.