National Association of Financial Market Institutional Investors

Under the approval of the State Council and Ministry of Civil Affairs, National Association of Financial Market Institutional Investors (NAFMII) was founded in Beijing on September 3rd, 2007. NAFMII works under the guidance of People’s Bank of China (PBoC). As a self- regulatory organization (SRO), NAFMII is joined voluntarily by market participants as its members and aims to promote the development of interbank market, which is composed of interbank bond market, interbank lending market, interbank foreign exchange market, interbank commercial paper market, interbank gold market and interbank financial derivatives market. By the end of June 2018, the number of NAFMII's members was 6,663, with institution types covering banks, security houses, insurance companies, fund management companies, law firms, accounting firms and non-financial enterprises.

NAFMII upholds the principle of “self-regulation, innovation and service”, adopts democratic decision-making mechanism which fully represents its members’ interests, and has gained wide recognition and support from members. It is dedicated to constructing the self-regulatory rule system in interbank market to enhance self-regulation NAFMII applies market-based registration mechanism for Non-Financial Enterprise Debt Financing Instrument (DFI) in interbank bond market. While providing service, training programs and research support for its members, NAFMII continuously promotes product, institutional innovation, steps up all-round credit risk prevention and advances the opening up of China's financial market, thus effectively drove the sustained and sound development of the interbank market to better serve the real economy. NAFMII has been awarded many honorary titles including the “5A Organization – best rating for national associations. ”