China has no foreign exchange market. Compared with the domestic stock market, the foreign exchange market is more standardized and mature. The daily trading volume of foreign exchange market in domestic stock market is 65,438+0,000 times that of domestic stock market. Although the trading rules are not completely in line with international practice, the personal firm foreign exchange trading business provided by domestic banks has attracted more and more people to participate.
By 20 15, China ranks first in the foreign exchange reserves of governments around the world. The United States, Japan, Germany and other countries have a large number of private foreign exchange reserves, and the overall foreign exchange reserves of the country are much higher than that of China.