China's State Administration of Foreign Exchange (SAFE) achieved its 2018 target of keeping the foreign exchange market basically stable despite a changing international political and economic environment，volatile financial markets，and the downward pressure on domestic growth.

2019 is also a challenging year. Global economic growth is already slowing. There is a risk of an escalation of global trade friction as protectionism gains support. Policy uncertainty is also rising. All these factors plus volatile financial market in emerging economies will lead to a slowdown in global trade and investment. That in turn will affect the sustainability and inclusiveness of global economic development.

How will China's foreign exchange regulator address the challenges of this changing environment? In an effort to give readers a glimpse of regulatory plans for 2019，China Forex conducted a series of exclusive interviews with key officials at SAFE. Based on these interviews it can be seen that SAFE will put emphasis on deepening the reform in foreign exchange administration，and on enhancing its capacity to address risks. In the first month of 2019，it released a number of new policies. Included in these new policy initiatives were the pilot scheme on facilitating foreign exchange receipts and payments concerning trade in goods and increasing the Qualified Foreign Institutional Investment (QFII) quota. In addition，the revised Catalogue of Major Regulations in Effect Relating to Foreign Exchange Management was published to provide an updated reference of foreign exchange policies.