(Fighting against New Coronary Pneumonia) 28 cross-border two-way RMB funds pools help Guangdong enterprises resume production
China News Agency, Guangzhou, May 6 (Tang Guijiang, Cai Jialin) The People's Bank of China Guangzhou Branch reported on the 6th that since the outbreak, the bank has handled 28 cross-border two-way RMB funds pools to help enterprises resume production.
The successive epidemic of the New Crown epidemic at home and abroad has caused many companies to run short of funds and face difficulties in resuming production. Due to the superimposed influence of domestic and foreign environments, multinational enterprise groups have greater pressure on internal capital allocation. In this context, the cross-border two-way RMB fund pool, as a tool for short-term fund transfer of multinational companies, has become an important way for corporate financing during the epidemic.
The Guangzhou branch of the People's Bank of China regards financial support for enterprises' resumption of production and production as the current focus. According to the principle of "special, special and urgent", green channels are opened, and cross-border two-way RMB fund pools are used to meet the needs of enterprises for cross-border capital allocation and help Guangdong's higher level of opening up and high-quality economic development.
The group to which an enterprise belongs is a leading international developer and manufacturer of flavors and fragrances, with production and sales bases in more than 30 countries. During the epidemic, some production bases and purchasing companies of the group faced the risk of business interruption due to tight capital chains.
Due to the time-consuming preparation of profit remittances and cross-border borrowing channels, and the slow transfer of funds, companies plan to establish a cross-border two-way RMB fund pool to meet the "fast" demand. However, due to the impact of the epidemic, the mailing of the original documents of the European headquarters was blocked, and due to the time difference, the domestic host company and the headquarters had only 2 hours of communication time per day, which caused many inconveniences in the preparation of the document.
After understanding the above situation, the Guangzhou branch of the People's Bank of China immediately directed the handling bank to "special affairs", allowing companies to submit the materials in the form of a scanned copy with the official seal for filing and review, and then submit the original after the matter is smooth. The above measures have greatly facilitated the preparation of various documents for enterprises, and won valuable time for the Group to resume normal production order as soon as possible.
It is reported that since the outbreak, the Guangzhou branch of the People's Bank of China has handled 28 cross-border two-way RMB fund pools, including 8 full-function fund pools; a total of 66.275 billion yuan of net outflow (inflow) quota was approved, which involved full-function funds The pool is 33.173 billion yuan; a total of 135 domestic enterprises and 42 overseas enterprises are involved. (Finish)