An optical and/or optoelectrical transceiver and system are disclosed that enable parallel transmission of data and management signals via an optical fiber without affecting data signal transmissions transmitted on the optical fiber. Furthermore, the present transceiver and system provide a fault diagnosis function for an optical fiber link. The transceiver and system generally comprise an interface, an intersecting transmission management unit, a driver, a management signal driving unit, an optical transmitter, an optical receiver, an amplifier, a management signal recovery unit, a management unit, and optionally, a power supply unit.