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Softening global capital operation of enterprises within the group. China (Shanghai) Pilot Free Trade Zone is expected to further reduce restrictions on foreign exchange management reform, realize the global operation of funds among group enterprises, and ease the use of funds to attract more multinational corporations.

On March 15, 2019, the State Administration of Foreign Exchange issued the Regulations on the Centralized Operation and Management of the Foreign Exchange Funds of MNCs, which will further promote the liberalization and facilitation of cross-border trade, investment and financing, especially the centralized operation and management of cross-border funds of multinational companies. The enterprise may visit the State Administration of Foreign Exchange for discussion on specific businesses.

Publish Date：2019-11-01

Failure of inward remittance of overseas payment. The company hopes that the company's clients are allowed to make overseas payment for goods produced and sold in China. The current foreign exchange management system stipulates that overseas payment is not allowed for goods without export records in China.

If the amount of foreign exchange of a multinational corporation reaches USD 100 million, the company can apply for fund pool of multinational corporation, with its own fund dispatched freely. The problem can be solved by using fund pool. The enterprise may also consult the State Administration of Foreign Exchange directly.

Publish Date：2019-11-01

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