What are the classifications of financial markets?

(1) According to the geographical scope, it can be divided into: \x0d\① International financial market, which is composed of financial institutions engaged in international monetary business, and its business contents include capital lending, foreign exchange trading, securities trading and capital trading. \x0d\② The domestic financial market composed of domestic financial institutions is engaged in various monetary, securities and functional business activities. It is divided into urban financial markets and rural financial markets, or into national, regional and local financial markets. \x0d\(2) According to the place of business, it can be divided into: \x0d\① Tangible financial markets, which refer to financial markets with fixed places and operating facilities; \x0d\② The intangible financial market, which exists in the form of operating network, conducts transactions by means of electronic telecommunications. \x0d\(3) According to the term of financing transactions, it is divided into: \x0d\① Long-term capital market (capital market), which mainly provides medium-and long-term funds for more than one year, such as the issuance and circulation of stocks and long-term bonds; \x0d\② Short-term capital market (money market) refers to the financing market of short-term funds within one year, such as interbank lending, bill discount, short-term bonds, negotiable certificates of deposit, etc. \x0d\(4) According to the nature of the transaction, it is divided into: \x0d\① The issuance market, also known as the primary market, is the market for issuing new securities; \x0d\② The circulation market, also known as the secondary market, is the trading market of securities that have been issued and are in circulation. \x0d\(5) According to trading objects, it is divided into lending market, discount market, large deposit certificate market, securities market (including stock market and bond market), foreign exchange market, gold market and insurance market. \x0d\(6) According to the delivery period, it can be divided into: \x0d\① Financial spot market, which pays for delivery immediately after financing activities are completed; \x0d\② In the financial futures market, after the investment and financing activities are completed, the payment and delivery shall be made according to the date agreed in the contract. Scientific and systematic division of financial markets according to the above internal relations is the basis for effective management of financial markets. \x0d\(7) is divided into \x0d\① money market \x0d\② capital market \x0d\③ financial derivatives market \x0d\④ foreign exchange market \x0d\⑤ insurance market \x0d\ ⑤ gold and other investment products market \ (8) is divided into (9) according to the specific types of trading instruments.