China Forex: A number of reform measures were launched by SAFE in the regulation of cross-border investment and financing. Could you share with us the progress made in this area over the past year? What measures will be introduced in 2019?

Ye Haisheng: SAFE has been actively promoting the facilitation of cross-border investment and financing. It unveiled a number of measures in 2018. From last year，the registration of the interest of foreign direct investment (FDI) stock has been incorporated into the joint annual report on the Ministry of Commerce's information platform. Upfront payments from FDI are no longer capped at US$300,000. Furthermore，FDI-related foreign exchange management was improved in line with the foreign investment administration model of national treatment prior to market entry coupled with the use of what is known as "negative list" treatment where activities are permitted unless specifically restricted or banned.

In 2019 SAFE will keep pace with the overall market openings and improve the new foreign investment administration model. Additionally，trade and investment will be facilitated by improved regulation of reinvestment using profits from foreign direct investment and the Qualified Domestic Limited Partner program.

China Forex: SAFE introduced a number of facilitation measures in 2018 to support the development of special economic zones. What new measures can we expect in 2019?