The trading center is the product of the reform of the national foreign exchange system and was established in April 1994. According to the strategic deployment of the People's Bank of China and the State Administration of Foreign Exchange to develop the market, the trading center implements the business principle of "various technical means and trading methods meet the needs of different levels of the market", and launched the foreign exchange trading system 1994 in April, the RMB credit lending system 1996 in June, and the inter-bank bond 1997 in June. In September, 1999, the trading information system was launched; In June 2000, the website "China Currency" was launched; July, 200 1 year, local currency voice intermediary service was piloted; In June, 20001year, China Money Market magazine was founded; In June, 2002, it started the intermediary business of foreign currency lending; June 2003. In May 2005, inter-bank foreign currency trading business was launched, inter-bank bond forward trading was launched in June 2005, and RMB/foreign currency forward trading was launched in August 2005. It provides trading, clearing, information and supervision services for the inter-bank foreign exchange market, RMB lending market, bond market and bill market in various ways, and plays an important role in ensuring the stability of RMB exchange rate, transmitting the central bank's monetary policy, serving financial institutions and supervising market operation.