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What is China Foreign Exchange Trade System?

What is China Foreign Exchange Trade System?

China Foreign Exchange Trade System (CFETS) provides financial services. The Company offers trading, information, and benchmark services as well as training facilities to the interbank lending, bond, and foreign exchange markets. CFETS serves customers throughout the world.

Is Cfets an exchange?

The China Foreign Exchange Trade System (CFETS) is the interbank trading and foreign exchange division of China’s central bank. CFETS, founded on April 18, 1994, is run by the People’s Bank of China (PBC)….

China Foreign Exchange Trade System
Founded 1994

What is the Cfets RMB index?

1. CFETS RMB Index mainly refers to CFETS (China Foreign Exchange Trade System) currency basket, including CNY versus FX currency pair listed on CFETS. The sample currency weight is calculated by international trade weight with adjustments of re-export trade factors.

What is the Cfets basket?

CFETS RMB Index’s currency basket includes the 13 currencies currently listed and directly trading against the RMB in CFETS. Generally speaking, the more currencies are included, the lower the volatility of an exchange rate index. And bilateral exchange rates will likely top the basket in terms of volatility.

What is the money of China called?


According to Chinese officials, China’s currency is officially called the renminbi. The yuan is the unit of account. The unit of exchange is the function of money whereby things are priced in terms of standardized units.

What is Cibm?

The China Interbank Bond Market (CIBM) was formed in June 1997 when the People’s Bank of China (PBOC) mandated all commercial banks to move their repo and bond trading out of the stock exchanges and into an interbank market operating through an electronic trading system.

What is the Chinese currency symbol?


How big is China’s bond market?

China’s onshore local currency bond market, currently at about US$17.5 trillion, is now the second-largest individual bond market in the world after the US.

Who can buy China A shares?

Historically, China A-shares were only available for purchase by mainland citizens due to China’s restrictions on foreign investment. However, since 2003, select foreign institutions have been able to purchase these shares through the Qualified Foreign Institutional Investor (QFII) system.

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