Industry WIKI
Digital assets and currencies
Understand assets, networks and trading mechanics with sources you can check.
China Foreign Exchange Trade System
The China Foreign Exchange Trade System (CFETS; Chinese: 中國外匯交易中心), also known as National Interbank Funding Center (NIFC; Chinese: 全国银行间同业拆借中心), is a financial market infrastructure and electronic trading platform in China, established in 1994 in Shanghai under the People's Bank of China (PBC).
FinanceInternationalization of the renminbi
Since the late 2000s, the People's Republic of China (PRC) has sought to internationalize its official currency, the renminbi (RMB) or Chinese yuan (CNY). This initiative aims to reduce dependence on the United States dollar and enhance China's influence in the global financial system. Key strategies have included promoting the use of the yuan in international trade invoicing, cross-bord