There are no restrictions on foreign firms’ cross-border profit transfers, Pan Gongsheng, Director of the State Administration of Foreign Exchange (SAFE), told Joerg Wuttke, President of the EU Chamber of Commerce in China. Authorities will maintain the continuity and consistency of forex policies, make foreign trade and investment more convenient, and support Chinese companies’ outbound investment as long as it is authentic and compliant, he added. With its economy growing 6.7% in 2016, China has the conditions to ensure a balance of international payments, Pan said. He vowed that China will create an orderly environment for investment and a more transparent and regulated market. Weighed on by a weak yuan against the U.S. dollar, regulators have cracked down on illegal cross-border capital flows in the past few months, while reiterating that normal business will not be affected and foreign investment is still welcome.