SAFE Outlines Tasks for 1999 　　China's foreign exchange administrative departments will try to create favorable conditions for promoting foreign trade and investment from overseas, according to Li Fuxiang, director of the State Administration of Foreign Exchange (SAFE). 　　Addressing a national conference on forex administration opened In Beijing Saturday, Li said that maintaining a favorable balance of international payments and a stable currency will continue to be the focus of this year's forex administrative work. 　　He stressed that this year's forex administration should be carried out in a more scientific and systematic way while strictly abiding by related laws and regulations. 　　He said that, thanks to the joint efforts by the SAFE and other related departments, fairly good results were achieved last year in forex administration, with overall supervision on foreign exchange significantly reinforced. 　　Efforts will be made this year to further improve banks' forex settlement and sales system, he said, adding that illegal practices in forex trading will be firmly cracked down in a bid to create a good investment and operating environment. 　　Appropriate preferential policies will be formulated to encourage enterprise exports and forex collection, as well as inflow of overseas investment, he said. Economicnews 1999-02-28 Page2 Full Story in Chinese