The People's Bank of China and the State Administration of Foreign Exchange decided to optimize the pilot policy for the integrated funds pool business of multinational companies in 10 provinces and cities including Shanghai, Peking, Jiangsu, Zhejiang, Guangdong, Hainan, Shaanxi, Ningbo, Qingdao, and Shenzhen. The main contents include: First, allowing domestic member companies of multinational corporations to borrow in different currencies for cross-border payment of current account items to reduce the financing costs for enterprises; Second, simplifying the filing process and reviewing related materials for foreign payment and receipt, enhancing the convenience of cross-border revenue and expenditure for enterprises; Third, allowing multinational corporations to determine the concentration ratio of foreign debt and overseas loans based on macro-prudential principles, facilitating the management of cross-border fund operations for enterprises; Fourth, supporting the leading enterprises of multinational corporations to handle centralized payments with their domestic master accounts on behalf of overseas member enterprises in transactions with domestic member enterprises or overseas entities, further improving the efficiency of fund utilization. Next, the People's Bank of China and the State Administration of Foreign Exchange will continuously optimize the cross-border fund management policies for multinational corporations and increase support for the facilitation of cross-border investment and financing by multinational corporations to better serve the high-quality development of the real economy.