CFXC endorses and facilitates adherence to the FX Global Code in China and develop China FX Code as a local annex to the FX Global Code. In line with the principles set out in the FX Global Code, the China FX Code is more detailed and complementary based on the prevailing practices in China’s FX market. Market Participants in China’s FX market are encouraged to voluntarily endorse the Statement of Commitment, demonstrating their commitment to adopting the FX Global Code and the China FX Code.