In recent years, currency appreciation problems become the focus of international economic The China foreign exchange trading center launched in May 2005 eight kinds of foreign exchange trading products and introducing foreign currency transactions between market maker Trading system operation markets will have a direct impact on renminbi appreciation, paper market maker system under the background of the function and bidding transaction mode and the future development And from the micro financial Angle analyzes the formation mechanism of exchange rate and the problems existing in the foreign exchange market, demonstrates the market maker system executes the RMB exchange rate mechanism to improve and China's foreign exchange market development has the positive significance, and puts forward relevant policy S