X-border RMB cash pool outflow ban catches CTs off guard

As the People’s Bank of China steps up its curb on capital outflows, it has U-turned on its well-publicised cross-border renminbi cash pooling policy. Spooked treasurers are tackling the issue head on.

By Ann Shi

Jan 26, 2016

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The People’s Bank of China (PBoC) gave banks window guidance by video conference on January 18 to announce the suspension of net outflow of capital from the cross-border renminbi cash pools in the country, a Shanghai-based bank source told CT on January 19.

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