Leadership
| Chairman | Liu Jin | President, Bank of China |
| Secretary General | Sun Jie | Executive Vice President, China Foreign Exchange Trade System |
Members of the China FX Market Self-Regulatory Framework are divided into three categories:
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Key Members: members that play the role of market leaders with systematic importance, significant market influence, sound business procedures and internal control mechanisms.
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General Members: members with relatively significant market influence in the interbank FX market trading or the retail FX and cross-border RMB businesses, sound business procedures and internal control mechanisms.
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Associate Members: members other than key members and general members.
The China FX Market Self-Regulatory Framework has set up three working groups: the Exchange Rate Working Group, the Interbank FX (Wholesale) Market Code of Conduct Working Group, and the Retail FX and Cross-Border RMB Business Working Group.
The Exchange Rate Working Group Click to search CNY Central Parity Rate
fulfills self-regulatory responsibilities with regards to USD/CNY central parity rate quoting, formulates codes of conduct and best practices for USD/CNY central parity rate quoting, and promote adherence.
Lead: Industrial and Commercial Bank of China
The Interbank FX (Wholesale) Market Code of Conduct Working Group
fulfills self-regulatory responsibilities with regards to wholesale interbank FX trading, formulates codes of conduct and best practices for interbank FX trading, and promotes adherence.
Lead: China Citic Bank
The Retail FX and Cross-Border RMB Business Working Group
fulfills self-regulatory responsibilities with regards to retail FX and cross-border RMB businesses, formulates codes of conduct and best practices for retail FX and cross-border RMB businesses, and promotes adherence.
Lead: Bank of China
The secretariat of the China FX Market Self-Regulatory Framework resides with CFETS.