China to expand cash-pooling program to integrate currency management

BEIJING, July 22 (Xinhua) -- China will expand cash-pooling services for multinational companies to integrate domestic and foreign currency management on a larger scale, the country's monetary authorities said Friday.

Shanghai, Guangdong, Shaanxi and some other regions will be added to this pilot program to facilitate the use and management of cross-border capital, said the People's Bank of China and the State A