In recent years, the State Administration of Foreign Exchange (SAFE) has continuously pushed forward the marketization reform of exchange rate. The latest report indicates that the major body of foreign exchange market transactions is expected to have a further expansion, mainly from the banking industry to all domestic financial institutions. ANBOUND research team states that this movement will contribute to improve the market operating efficiency and perfect the price discovery mechanism of the foreign exchange market. Nevertheless, it still requires a further expansion on trade subjects, market makers and trade categories as well as the upgrades of the reform of foreign exchange administration.