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1994年,我国银行间外汇市场建立。这一市场以银行等金融机构为主要参与者,具有批发性和信用等级高等特征,与货币市场、债券市场一起构成我国现代银行间市场,在金融市场体系中发挥着中枢作用。经过20年的发展,银行间外汇市场的深度和广度均取得突飞猛进的发展,不仅为金融机构本外币资金管理提供了极大的便利,也为央行货币政策传导、汇率改革实施等奠定了市场基础。
In 1994, China’s inter-bank foreign exchange market was established. This market, with banks and other financial institutions as its main participants, is characterized by its high level of wholesaleness and credit rating. Together with the money market and bond market, it constitutes the modern inter-bank market in China and plays a central role in the financial market system. After 20 years of development, both the depth and the breadth of the inter-bank foreign exchange market have made rapid progress. This not only provided great convenience for the management of domestic and foreign currency funds of financial institutions, but also laid the market foundation for the conduction of monetary policy and the implementation of exchange rate reform by the central bank .