Backup center of CFETS at No.15 Bund in Shanghai, originally built 1902 for the Russo-Chinese Bank
The China Foreign Exchange Trade System (CFETS, Chinese: 中國外匯交易中心), also known as National Interbank Funding Center (NIFC, Chinese: 全国银行间同业拆借中心), is a financial market infrastructure and electronic trading platform in China, established in 1994 under the People's Bank of China (PBoC) and established in Shanghai.[1] It provides a major trading platform and pricing center for renminbi and foreign exchange-related products.[2] CFETS is the trading platform of the China Interbank Bond Market (though not for the Chinese repo market, which is traded on the Shanghai Stock Exchange) and participates in China's policy of internationalization of the renminbi. It is supervised by the PBoC.
^"Brief Introduction of China Foreign Exchange Trade System". Shanghai Municipal People's Government. 18 July 2023.
^"CME Group and CFETS Sign Agreement on Cooperation". CME Group. 25 September 2015.
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