T. V. Soong and the Postwar Policy of "Opening Foreign Exchange Market"

Forecasting foreign exchange market based on fractal theory;

The Cointegration Test of the Foreign Exchange Market Efficiency;

Concentration and Dispersion of the Supply in China s Foreign Exchange Market;

Actively participate in market trading,contribute to FX market prosperity;

FX market develops further;external evaluation system coming into being;

USD bottoms out amid policy switch Prospects and review of the international FX market in the first half of 2004;

So in order to speed up the marketization of exchange rate,our government should set the exchange market growth as a continual goal so that the marketization of exchange rate could run in a benign circle.

Our positive analysis shows that: in the exchange market of China, the noise level is too low to be efficient.

Considering such factors as the economic scale of the Euro area, its share in international forex market and the trend of Euro exchange rate, it is evident that Euro has become the second largest international currency.

Domestic financial market had a smooth performance in 2001 with the following characteristics: enterprises financing through stock market decreased drastically; stock market adjusted downward sharply; the turnover of interbank market set a record high; interbank funding and repo rates kept low; the turnover of forex market increased greatly and the exchange rate of RMB remained stable.

Based on the latest triennial survey of BIS on forex market and derivatives, this paper reveals the trend of development in global forex market.