China further optimizes cash-pooling service for multinational companies

BEIJING, Dec. 18 (Xinhua) -- A pilot cash-pooling service integrating domestic and foreign currency management for multinational companies in China will be further optimized, the country's monetary authorities said Wednesday.

The move aims to enhance the facilitation of cross-border investment and financing for such companies, according to the People's Bank of China and the State Administration of Foreign Exchan