According to different sources and uses, foreign exchange can be divided into trade foreign exchange, non-trade foreign exchange and financial foreign exchange.

So your question is more open.

If it is the first two forms of foreign exchange, it can be traced back to the founding of People's Republic of China (PRC), and we have already carried out foreign exchange and foreign trade investment activities. The earliest foreign investment in China was the Soviet government at that time.

Financial foreign exchange is reform and opening up. Our government has gradually liberalized the financial market, but our government has been very strict in the supervision of the financial foreign exchange market. 20 10 June 1 1 ... The State Administration of Foreign Exchange released a report in June 10, saying that 20 10 will enrich participants in the foreign exchange market, promote the opening up of the domestic foreign exchange market in a timely manner, and further strengthen the monitoring, analysis and early warning of cross-border capital flows.