HSBC joins China's nationwide cross-border cash pooling programme

HSBC China has established over 260 cash pools for multinationals to date.

HSBC has launched cross-border cash pooling services, starting with two multinational corporations.

HSBC is one of the first foreign banks to participate in the roll-out of China’s nationwide programme, which went into effect on 14 September 2026, the bank said in a statement on 22 September 2026.

To date, HSBC China has established over 260 cash pools for multinationals of various sizes, ranging from integrated renminbi (RMB) and foreign currency cash pools to cross-border fund centralisation solutions and RMB cross-border cash pools.

The "Centralised Operation and Management of Cross-Border RMB and Foreign Currency Funds" programme, piloted in Beijing and the Guangdong Province, is now available across mainland China.

Under the framework, multinationals can pool the foreign debt and overseas lending quotas of their member companies, determine the proportion of funds to be centralised, and manage RMB and foreign currency funds through the same structure.

This enables funds to be allocated at the group level whilst allowing member companies greater flexibility in managing their liquidity, according to HSBC.