PBOC and the State Administration of Foreign Exchange will roll out nationwide a
cross-border centralized cash-management service covering onshore and offshore
currencies for multinational groups. Eligibility: either combined last-year
cross-border receipts and payments in domestic and foreign currencies of all
onshore member firms ≥ 700 million yuan equivalent; or combined last-year
revenue of onshore members ≥ 1 billion yuan and combined last-year revenue of
offshore members ≥ 200 million yuan equivalent.
