Shanghai has basically formed the financial market system with the markets of currency, capital, foreign exchange, futures, gold and property as the main part (Refer to Chart 9-1:  Further Development of Shanghai's Major Element Market ). In 2005, the total volume of the financial market exchange was 35 trillion RMB yuan, of which inter-bank market transactions amounted to 23.2 trillion RMB yuan, the inter-bank offered rate and bond transaction rate are basically market-based, and the financial market became an important market platform for the financial  macro-adjustment and control of the state; the foreign exchange market transactions gradually expanded in scale and became the basis of RMB exchange rate; the volume of the security market transactions was 5 trillion RMB yuan, accounting for 79% of the country's total, and the security market was the country's main board market; the volume of the futures market transactions was 6.5 trillion RMB yuan, accounting for 49% of the country's total, ranking one of the international pricing centers of copper, rubber, etc.; and the volume of the gold market transactions was 116.84 bn. RMB yuan. It was decided recently that the financial futures exchange would be located in Shanghai, and the financial market system will be further perfected.

                                             Chart 9-1  Further Development of Shanghai's Key Element Market