On May 19, 2017, the State Administration of Foreign Exchange (SAFE) holds a seminar with foreign-funded enterprises. The seminar was chaired by Pan Gongsheng, administrator of the SAFE, and attended by many foreign-funded enterprises such as Ericsson, Caterpillar, Alps, Thyssenkrupp, Dell, ABB, Mars, and Johnson Controls.

Representatives present introduced the operations of their enterprises and provided constructive ideas on foreign exchange administration based on their practices. According to Administrator Pan, China's cross-border capital flows are recovering with a good momentum for growth and finding an equilibrium. A stable and benign foreign exchange market is favorable for foreign-funded enterprises' operations in China, while maintaining the stability of the foreign exchange market requires the cooperation and concerted efforts of regulators and the market. Foreign exchange authorities will persevere in reform and opening up, and enhancing cross-border trade and investment facilitation to better serve the real economy, while guarding against risks arising from cross-border capital flows, and maintaining the stability of the foreign exchange market, so as to provide a healthy and benign market environment for market participants.