What are financial markets? What are the types of financial markets in China?

Financial market is a market for creating and trading financial assets, which is a general term for the supply and demand relationship and trading mechanism formed with financial assets as the trading object.

According to different categorization criteria, financial markets can be divided into different sub-markets.

(a) Maturity of financial assets: less than one year for the money market, more than one year for the capital market.

(ii) Trading instruments: debt market for trading debt instruments and equity market for trading equity instruments.

(iii) Nature of issuance and liquidity: the issuance market for new financial assets is the primary market and the liquidity market for issued financial assets is the secondary market.

(d) Organization: exchange market and over-the-counter market.

(v) Mode of delivery: spot market for spot transactions and derivative market for future transactions.

(F) the type of financial assets: trading securities for the securities market, to securities other than financial assets as the object of the sum of the issuance and trading relations for the non-securities financial market.

(vii) radiation territory: international financial markets and domestic financial markets.

Categorization of the financial market system

The financial market system includes the money market, capital market, foreign exchange market and gold market, while generally according to the term of the instruments traded on the financial market, the financial market is divided into two categories: money market and capital market.

1, the money market The money market is to finance short-term capital market, including interbank lending market, repurchase agreement market, commercial paper market, bankers' acceptances market, short-term government bond market, large-denomination negotiable certificates of deposit market.

2. Capital Market The capital market is a market for financing long-term funds, including the medium- and long-term bank credit market and securities market. Medium and long-term credit market is the loan market between financial institutions and industrial and commercial enterprises, the securities market is through the issuance and trading of securities to finance the market, including the bond market, stock market, insurance market, financial leasing market.

3, the financial market is also known as the capital market, including the money market and capital market, is the capital financing market. The so-called capital financing, refers to the process of economic operation, the supply and demand for funds to use a variety of financial instruments to regulate the activities of capital surplus, is a general term for all financial transactions. In the financial market trading is a variety of financial instruments, such as stocks, bonds, savings certificates of deposit and so on. Financing is referred to as financing, generally divided into direct financing and indirect financing two kinds.