Recently, the Anhui Branch of the People’s Bank of China (PBOC) and the Anhui Branch of the State Administration of Foreign Exchange (SAFE) completed the province’s first pilot filing for an integrated onshore and offshore currency cash pool for Anhui Jianghuai Automobile Group Co., Ltd. (hereinafter referred to as “JAC Motors”), providing strong policy support for the company’s global expansion.

In March 2025, the PBOC and the SAFE decided to further expand the pilot program for integrated onshore and offshore currency cash pools for multinational corporations in Anhui and 15 other provinces and cities, aiming to facilitate the centralized use of cross-border funds by multinational companies.

The recent approval to conduct the integrated onshore and offshore currency cash pool pilot will help JAC Motors consolidate the management of its domestic and overseas funds, effectively improve the efficiency of cross-border fund operations, and enhance its ability to manage exchange rate risks.

Moving forward, SAFE Anhui branch will continue to strengthen follow-up guidance, collaborate with banks to optimize forex services, and ensure that policy benefits are fully realized. This will maximize the effectiveness of the integrated currency cash pool policy, injecting new momentum into the province’s enterprises as they expand their global presence and pursue high-quality development.

Source: Hefei Daily