At present, there is only one foreign exchange regulatory agency in China, and the China Banking Regulatory Commission is directly under the responsibility of the China Municipal Government. It is a unified supervision platform for deposit financial institutions such as banks, financial asset management companies and trust and investment companies. However, the regulatory conditions of China Banking Regulatory Commission on foreign exchange are not perfect. Therefore, there is no foreign exchange platform supervised by the CBRC.
The lack of foreign exchange regulatory agencies in China has also led to the fact that almost all domestic foreign exchange platforms are foreign platforms, and China has not fully opened leveraged foreign exchange margin trading. Domestic investors can only conduct online transactions through foreign exchange platforms.