China Foreign Exchange Trade System

[1] CFETS provides a major trading platform and pricing center for renminbi and foreign exchange-related products.

In 2022, it was acknowledged by the Financial Stability Board as a trade repository for credit, foreign-exchange, and interest-rate derivatives.

[3]: 11 CFETS was created by the PBC on 18 April 1994, initially as the Forex Trading System (Chinese: 外汇交易系统),[4] intended to facilitate liquidity for transactions pairing the renminbi with Japanese yen, British pound, New Zealand dollar, Swiss franc, Malaysian ringgit, South African rand, United Arab Emirates dirham, Hungarian forint, Danish krone, Norwegian krone, and Mexican peso.

[6] It also has sub-centers in Guangzhou, Shenzhen, Tianjin, Jinan, Dalian, Nanjing, Xiamen, Qingdao, Wuhan, Chongqing, Chengdu, Zhuhai, Shantou, Fuzhou, Ningbo, Xi'an, Shenyang, and Haikou.

It served more than 20,000 domestic market trading members, more than 800 overseas institutions, and over 42,000 information and regulatory users.