银行间外汇市场发展历程与前景

Interbank FX market:Development and prospect

该文在回顾我国银行间外汇市场建立背景的基础上,从汇率形成机制的改革与完善、外汇市场的产品创新以及外汇交易中心提升市场服务水平等方面介绍了银行间外汇市场的发展历程;并认为要将我国银行间外汇市场建设成为全球性人民币产品交易中心和定价中心,还需进一步完善人民币汇率形成机制、丰富外汇市场产品、扩大市场参与主体、加强市场风险管理、促进人民币的国际化。

Based on a review of the background of the establishment of China＇s interbank FX market, this paper introduces the development process of China＇s interbank FX market from the perspectives of reforming and improving the exchange rate forming mechanism, innovating products in the FX market and enhancing the level of service offered by CFETS. The findings suggest that to build China＇s interbank FX market into a global center for RMB product trading and pricing, China should further consummate the mechanism to form the RMB exchange rate, diversify FX products, increase market participants, strengthen market risk management, and promote the internationalization of RMB.