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Cap up on cash inflows for multinationals

The central bank on Wednesday raised the ceiling on two-way cross-border renminbi cash pooling for multinationals and lowered the threshold for participation in the business. The cap on the net inflow was raised to 50 percent of the total shareholders' equity in the cash pool, according to a statement of the People's Bank of China. The initial ceiling for inflow was 10 percent and there is no cap on outflow.