[PBOC and SAFE: Nationwide Promotion of Cross-Border Centralized Fund Management for Multinational Corporations in Both Domestic and Foreign Currencies] According to the official website of the People's Bank of China (PBOC), the PBOC and the State Administration of Foreign Exchange (SAFE) have issued the 'Notice on Matters Related to Cross-Border Centralized Fund Management for Multinational Corporations in Both Domestic and Foreign Currencies' (Yinfa [2026] No. 163), deciding to promote the cross-border centralized fund management business for multinational corporations nationwide. The notice specifies that financial institutions, local government financing platform companies, and real estate enterprises are prohibited from participating, except for finance companies serving as the hosting enterprise. Multinational corporations must have no fewer than three domestic and overseas member enterprises in total. The combined international revenue and expenditure scale of domestic member enterprises in the previous year must not be less than the equivalent of 700 million yuan, or the combined operating revenue of domestic member enterprises in the previous year must not be less than 1 billion yuan, with overseas member enterprises contributing no less than the equivalent of 200 million yuan. For hosting enterprises registered in pilot free trade zones, the above thresholds are halved. The notice will take effect on August 14, 2026.