China heavy steam Finance Corporation has been approved to be qualified for cross-border RMB capital pool business

Recently, the Ji'nan branch of the people's Bank of China approved that China heavy duty Finance Co., Ltd. as a sponsor of China Heavy Duty Truck Group Co., Ltd. to develop cross border two-way RMB pool business. So far, China heavy duty finance company as a sponsor has gained two business qualifications of cross-border RMB and foreign currency for the group, providing financial platform for the operation of the group's foreign currency funds and domestic and foreign businesses.

In recent years, with the implementation of China Heavy Duty Truck's internationalization strategy, the proportion of export business income has been increasing. This brings great challenges and strategic opportunities to the effective operation and management of domestic and foreign capital of group company. Since a series of foreign countries to support the monetary policy of "going out" the introduction of China heavy financial companies to assist the group headquarters to strengthen financial management, combined with the characteristics of international business and the needs of the business group, actively communicate with the organization administration of foreign exchange, the people's Bank, has been successfully applied for the centralized operation and management of foreign exchange funds, foreign exchange spot foreign exchange and cross-border RMB capital pool business qualifications, and initially carried out related business, the strong support of the international business development group company.

On the basis of the development of various international businesses in the early stage of China Heavy Duty Truck Group, the cross-border two-way RMB capital pool business was approved, which set up a platform for the group's foreign exchange business and the domestic and foreign RMB pool. The business can achieve cross-border capital flow, will further strengthen the group company funds within the territory of the centralized management, effective control of domestic and foreign funds business risk; help to further enhance the company inside and outside the capital allocation and operation efficiency, reduce the overall cost of financing the company, reduce interest payments.

At present, in addition to equity investment, China heavy duty finance company has received all licenses granted by the state regulatory department of the Banking Regulatory Commission, the people's Bank of China and the safe. It is one of the few financial full license companies in the financial industry.