Issues and solutions in China's foreign exchange market

Abstract

The foreign exchange market, as a commercial location for all sorts of foreign exchange transactions, is the product of the monetisation of the commodity economy and expansion to the world. The Chinese foreign exchange market has only just begun, compared with the norms of international foreign exchange market, and the larger gap, still is not perfected in some aspects, for example, size, market trading volume, trading subject, currency structure, management and regulation mechanism, laws and regulations, the lack of a unified foreign exchange market. Therefore, appropriate development strategies should be adopted for foreign exchange trading subjects, i.e., trading varieties, trading costs and trading methods.