Core Points - Gao Fei has been appointed as the Party Secretary of the China Foreign Exchange Trading Center, succeeding Huo Yingli, who has retired due to age [1] - Gao Fei previously held various positions within the Financial Market Department, including Deputy Director and Deputy Inspector [3] - The China Foreign Exchange Trading Center aims to enhance the internationalization of the domestic financial market and support the internationalization of the Renminbi [4] Group 1 - Gao Fei's appointment is expected to continue the push for further opening of the bond market to foreign investors, including exploring new custody models and improving risk hedging tools [3] - As of August 2025, 1,170 foreign institutions from 80 countries and regions have entered the Chinese bond market, holding approximately 4 trillion RMB [4] - The Trading Center serves as a crucial infrastructure for China's financial market, providing various services including issuance, trading, and post-trade processing [4][5] Group 2 - The Trading Center is responsible for daily market monitoring and the self-regulatory mechanisms for market interest rate pricing [5] - The current leadership team of the Trading Center includes Gao Fei as Party Secretary, Zhang Yi as President, and several Vice Presidents [5]