Cross-border two-way RMB fund pool refers to the cross-border RMB fund surplus and deficiency adjustment and collection business carried out by multinational enterprise groups between domestic and foreign non-financial member enterprises according to their own business management needs, which belongs to the internal business financing activities of enterprise groups. The headquarters of multinational enterprise groups may designate member enterprises (including financial companies) that are legally registered and established in People's Republic of China (PRC) and actually operate or invest, and have independent legal person status as the host enterprises to carry out cross-border two-way RMB fund pools.

Cross-border RMB fund pool business is a major cross-border RMB policy innovation recently launched by the People's Bank of China. According to the provisions of the New Deal, Chinese and foreign multinational group enterprises that meet certain conditions can handle the transfer and collection of RMB funds between domestic and foreign non-financial member enterprises.

Cross-border RMB centralized collection and payment

Handle cross-border RMB centralized receipt and payment and net settlement under current account. For enterprises, a number of policy reform dividends have been obtained. First, the circulation channels of RMB funds at home and abroad have been opened, which provides a powerful tool for enterprises to make full use of domestic and foreign markets, co-ordinate funds and improve financial operation efficiency. Second, through the collection of RMB funds and cross-border centralized collection and payment, it provides an important means for the headquarters of multinational group enterprises to manage the funds of member units as a whole and handle business intensively; In addition, net settlement can greatly reduce the actual number of transactions in cross-border receipt and payment, and greatly reduce business processing costs. Third, it has greatly promoted and facilitated the cross-border use of RMB by enterprises and fully enjoyed the policy dividend brought by RMB internationalization.