1979-2019

1979 China's State Administration of Foreign Exchange (SAFE) was established in 1979.

1980 The Interim Regulations of the People's Republic of China (PRC) on Foreign Exchange Control was promulgated by the State Council in 1980.

1980 China resumed its lawful seat in the International Monetary Fund (IMF) in 1980.

1985 The Measures of the PRC on Foreign Exchange Retention for Exports was issued in 1985.

1985 China released its balance of payments data for the first time in 1985.

1994 A standardized and unified foreign exchange market was established in 1994，with the end of the foreign exchange retention system，and the merging of official and market exchange rates.

1995 The Foreign Exchange Certificate was cancelled in 1995.

2001 The guiding principle of foreign exchange regulation was shifted in 2001 from "making inflows easy and outflows difficult" to "striving for a balance".

2002 The system of qualified foreign institutional investors (QFII) was introduced in 2002.

2002 China adopted IMF statistical benchmark in 2002.

2003 The Central Huijin Investment Ltd was founded in 2003，with the aim of supporting the reform of state-owned commercial banks.

2005 On July 21，2005，China moved to what was officially described as a "managed floating exchange rate regime based on market supply and demand with reference to a basket of currencies".

2006 The system of qualified domestic institutional investor (QDII) was introduced in 2006.

2006 China released data on its international investment position (IIP) for the first time in 2006.

2007 The annual quota of foreign exchange for individuals was raised to US$ 50,000 in 2007.

2008