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| Additional information |
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| The China Foreign Exchange Trade System (CFETS) |
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Overview:
The CFETS, founded on April 18, 1994, is a sub-institution of the PBC. Its main functions include: providing systems for FX trading, RMB lending, bond trading, and exchange rate and interest rate derivatives trading; organizing FX trading, RMB lending, bond trading, and exchange rate and interest rate derivatives trading; providing clearing, information, risk management, and surveillance services on interbank markets; and engaging in other businesses authorized by the PBC.
With its head office in Zhangjiang, Shanghai, a local back-up center and client services center on the Bund of Shanghai and a back-up center in Beijing, the CFETS has 18 sub-centers in Chengdu, Chongqing, Dalian, Fuzhou, Guangzhou, Haikou, Jinan, Nanjing, Ningbo, Qingdao, Shantou, Shenyang, Shenzhen, Tianjin, Wuhan, Xiamen, Xi'an and Zhuhai.
There are 13 departments within the headquarters (General Office, FX Market Department, RMB Market Department, Clearing Department, Technology Infrastructure & Service Department, Technology R&D Department, Research Department, Information and Statistics Department, Risk Management Department, Human Resources Department, Training Department, Finance Department and Administration Department). There are General Services Office and Beijing Back-up Center in Beijing.
CHINAMONEY Journal and CFETS Information Technology Service (Shanghai) Center are subsidiaries of the CFETS. |
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