China Foreign Exchange Trade System

The China Foreign Exchange Trade System (CFETS; Chinese: 中國外匯交易中心), also known as National Interbank Funding Center (NIFC; Chinese: 全国银行间同业拆借中心), is a financial market infrastructure and electronic trading platform in China, established in 1994 in Shanghai under the People's Bank of China (PBC). CFETS provides a major trading platform and pricing center for renminbi and foreign exchange-related products.

Source: Wikipedia — China Foreign Exchange Trade System (CC BY-SA 4.0)