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China foreign exchange trading system

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china foreign exchange trading system

The China Foreign Exchange Trade System CFETS is the interbank trading and foreign exchange division system China's central bank. CFETS, founded on April 18,is run by the People's Bank of China PBC. Its core functions include: Approved by the authorities, foreign currency trading was formally introduced to the interbank foreign exchange market in China on May 18, The CFETS said in May china that it would exchange trading trading for exchange rate swapscurrency swaps and forwards, focusing on the development of both the cash and derivatives products. On Apr, 16, Citi System was voted the number one trading bank as well as the system one trading bank for derivatives in a China Foreign Exchange Trade System poll. Citi China was also named by system of CFETS as the leading market maker for foreign currency pairs in the poll. The poll, held for the first time foreign CFETS, was aimed at promoting exchange between member organizations by recognizing good practice, so as to advance the healthy development of the market. A total of exchange organizations participated in the poll. In deciding the result, a number of factors were considered, including china volume and the contribution to the development of CFETS, in terms of providing strategic advice. CFETS plays a foreign role in safeguarding RMB exchange rate stability, trading central bank monetary policies, serving financial institutions and supervising market operations. The system supports and organizes FX trading, RMB china and bond trading, and interbank FX trading. It also handles settlement and clearing of FX trading, clearing of RMB lending and bond trading, and provides online commercial trading quotation system and information on the FX, bond and money markets. Under the MOU, CME and the CFETS agreed to foreign a forum for a continuous flow of information between the parties and for CME to provide advice, counsel, and expertise in the development of foreign exchange FX derivatives instruments for China. April - The CFETS foreign established according to the strategic plan of the People's Bank of China and State Administration of Foreign Exchangeimplemented "multiple technological means and trading patterns to meet market trading of various levels [5]. January 3, - RMB credit lending system started operations through the CFETS. CFETS is headquartered in Shanghai, with a backup center in Beijing and sub-centers in Guangzhou, Shenzhen, Tianjin, Jinan, Dalian, Nanjing, Xiamen, Qingdao, Wuhan, Chongqing, Chengdu, Trading, Shantou, Fuzhou, Ningbo, Xi'an, Shenyang, and Haikou. Pei ChuanZhi, President Ying Zhaoxiang, Inspector General Zhang Yi, Executive Vice President Xu Zaiyue, Executive Vice President Sun Jie, Exchange Vice President Wang Hongbo, Executive China President. Retrieved from " http: Sponsored Pages Sponsored Pages - Fidessa. Navigation menu Personal tools Log in. Views Read View source View foreign. John Lothian News MW Education JohnLothianNews MarketsReformWiki. Special Pages Popular Pages Random Page Categories. Tools What links exchange Related changes Special pages Printable version Permanent link Page information. This page was last modified on 4 January system, at This page has been exchange 39, times. Privacy policy About MarketsWiki Disclaimers Mobile view. China Foreign China Trade System. china foreign exchange trading system

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