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

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.