(1) Financial derivatives trading market. At present, derivatives traded on exchanges include convertible corporate bonds, stock index futures and a small amount of asset-backed securities.
(2) Inter-bank derivatives market. China interbank derivatives market is mainly concentrated in China Foreign Exchange Trading Center/National Interbank Funding Center. The main trading derivatives are bond forward, inter-bank forward foreign exchange, RMB interest rate swap, foreign exchange swap, interest rate swap, RMB foreign exchange option, etc.
(3) OTC derivatives market. Banking financial institutions qualified for derivatives trading can conduct derivatives trading with institutional customers, mainly involving forward settlement and sale of foreign exchange, foreign exchange forward and swap, interest rate derivatives trading, etc. At the same time, in the business activities of personal financial products and businesses, commercial banks also involve embedded financial derivatives transactions.