· Internal structure
The CFETS has one President and several Vice Presidents.

Shanghai head office
The CFETS includes ten departments: General Office, Market Department (Ⅰ), Market Department (Ⅱ), Clearing Department, Engineering Department, Technical Development Department, Research Department, Information Department, Finance Department and Administrative Department.

General Office: In charge of summarization and co-ordination of general business, secretarial work, foreign affairs, publicity and education, personnel affairs, wage and salary, welfare management and employee training.

Market Dept (Ⅰ): In charge of forex market trading and member management. Responsibility also includes providing foreign currency deposit brokering service and developing new business for the forex market.

Market Dept (Ⅱ): In charge of market trading and member management for the RMB funding market. Responsibility also includes RMB voice brokering service and developing new business for the funding market.

Clearing Dept: The clearance of forex trading is the key task of the department, this includes the management and supervision of each member's clearance of RMB.

Engineering Dept: Responsible for the management of the computerized trading system, the maintenance of electronic equipment and telecommunication network of the CFETS, and the coordination and supervision of technical affairs for sub-centers.

Technical Development Dept: Responsible for developing software for new businesses and providing training to technical staff.

Research Dept: Responsible for the statistics, investigation and analysis of markets, and also conducts new product research and development.

Information Dept: In charge of building and managing the information system of the CFETS, and for providing info service on the forex market, funding market, bond market and other relative markets.

Finance Dept: Responsible for the overall financial management of the CFETS and the test key management of clearing funds involved in forex trading.

Administrative Dept: In charge of the logistics of the CFETS and the management of the office building.

Beijing back-up center
The Beijing back-up center is an integral part of the CFETS. With the same network and equipment as the Shanghai head office, it operates as the back-up for the forex, RMB lending and bond trading systems. It also organizes members in Beijing area to trade in the network, and provides technical support for spot and remote service. The back-up center has a director, which is concurrently held by the vice president of the CFETS, and a vice director. Under the back-up center there are four departments, consisting of General Office, Market Department, Clearing Department and Engineering Department.

· Location and office building
The CFETS is located on the Bund of Shanghai. For years, it has made contributions to the development of China's financial industry and the establishment of a national financial center, which, in turn, offers opportunities and conditions for the development of the CFETS.

The office building of the CFETS, with its European architectural style, enjoys a history of more than 100 years. The former Sino-Russian Bank and central bank of Kuomintang government were located here. After the foundation of the People's Republic of China, the building served institutions like the People's Bank of China and the Shanghai Aerospace Administration. The elaborate design of the building has been well preserved, retaining its white marble staircases, colonnades, rilievo and European-style parlor.

· Organizational framework
Including its head office in Shanghai and its back-up center in Beijing, the CFETS has 18 branches, with offices in Guangzhou, Shenzhen, Tianjin, Dalian, Nanjing, Xiamen, Jinan, Qingdao, Wuhan, Chengdu, Zhuhai, Shantou, Fuzhou, Ningbo, Xi'an and Shenyang.

· Development
As an outcome of forex system reform, the CFETS was founded in April 1994 and has since then witnessed vigorous development over the past eight years. In accordance to market development strategies of the PBC and the State Administration of Foreign Exchange (SAFE), the CFETS introduced the forex trading system in April 1994, the RMB credit lending system in January 1996, interbank bond trading in June 1997, the trading information system in September 1999 and the website /databas/new/zaxiang/shouye/index.jsp in June 2000. More recently, the trial operation of RMB voice brokering began on July 2001 and the monthly periodical CHINAMONEY went into publication in October 2002. In this same period, forex deposit brokering debuted in June 2002 and the gold trading system was put into operation in October 2002.

Three service platforms covering the whole country were set up to provide trade and information service for the forex market and money market, and function as supervision facilities for the PBC and the SAFE. The CFETS network system is continuously improving. Concurrently, members are increasing and the trade of RMB and forex is steadily increasing. The RMB exchange rate is stable and the interest rate exactly transmits the intention of monetary policies.