This Chapter outlines main activities of China’s administration of foreign exchange from year 2011. Based on the past reforms，it focuses on the five main aspects in the administrative actions of foreign exchange in 2014，which includes the reform in capital accounts liberalization，FX market reform，the reforms aiming at building ‘One Belt And One Road’ and optimization of macro-prudential framework of foreign debt and cross-border capital flow management. The chapter concludes that based on preventing FX risk and BOP balance risk，China’s administration of foreign exchange will focus on how to implement the administrative power in accordance with laws，how to support the new national strategy of ‘One Belt And One Road’ and how to stick to the principle that the market should play a decisive role in the resources allocation.