Corporates move to take advantage of new RMB limits
Treasurers at MNCs, Chinese multi-nationals, and banks confirm that new measures raising the ceiling for RMB x-border sweeping transactions were welcomed .
Several corporates have leapt to take advantage of the People’s Bank of China (PBoC) new cash pooling regulations - raising the ceiling, and lowering the bars for participation, for renminbi fund flows through cash pooling mechanisms.
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