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The Development Course of China Association of Interbank Market Dealers
China Association of Interbank Market Dealers is a self-regulatory organization jointly established by participants in the inter-bank bond market, lending market, bill market, foreign exchange market and gold market. The competent business unit of the Association is the People's Bank of China. The Association was approved by the State Council and established by the Ministry of Civil Affairs on September 3rd, 2007. Is a national non-profit social organization legal person, the competent department is the People's Bank of China. Association members include corporate members and individual members. Participants, intermediaries and practitioners in the inter-bank bond market, lending market, foreign exchange market, bill market and gold market, and experts and scholars in related fields can apply for membership of the association voluntarily. The members of the association will cover policy banks, commercial banks, credit cooperatives, insurance companies, securities companies, trust companies, investment funds, finance companies, credit rating companies, large and medium-sized industrial and commercial enterprises and other financial institutions and non-financial institutions.

After 10 years' development, the inter-bank market in China has become a multi-sector and multi-level market system with qualified institutional investors as the main participants and one-on-one inquiry as the main trading mode, including sub-markets such as bonds, borrowing, bills, gold and foreign exchange, and the market scale has grown steadily. According to reports, from the experience of foreign interbank market development, self-regulatory organizations such as the National Association of Securities Dealers, the Japan Association of Securities Dealers, and the Korea Association of Securities Dealers play an important role in promoting market innovation and development, standardizing market behavior, safeguarding industry interests, and preventing market risks, and are an indispensable part of the host country's financial market management system.