Excerpted from Future Banker. You can search for "future bankers" in Baidu. -Fund business can be divided into: ① short-term fund business ② bond business ③ foreign exchange business ④ derivative products business. \x0d\ ① Short-term fund business: central bank bills, short-term government bonds, short-term financing bills, repurchase/reverse repurchase, interbank lending and money market funds. \x0d\ ② Bond business: government bonds, corporate bonds, corporate bonds and financial bonds. \x0d\ bonds are creditor's rights certificates issued by issuers to investors in order to raise funds, and they promise to pay interest regularly at a certain interest rate and repay the principal at maturity. \x0d\ Treasury bonds are bonds issued by the central government (usually the Ministry of Finance) to raise funds, and the government promises investors to repay the principal and interest. \x0d\ At present, the scope of corporate bonds in China is specific, not corporate bonds in a broad sense, that is, corporate bonds and financial bonds are excluded. Corporate bonds in China refer to bonds issued by limited companies and joint-stock companies. \x0d\ Corporate bonds refer to bonds issued by unlisted companies with legal personality in China. \x0d\ Financial bonds refer to bonds issued by policy banks, commercial banks, enterprise groups, finance companies and other financial institutions in China. \x0d\ ③ Foreign exchange business: cash transaction and forward transaction. \x0d\ Foreign exchange transactions include transactions between various foreign currencies, as well as exchange transactions between local currency and foreign currency. Foreign exchange trading can not only meet the needs of foreign exchange settlement and sale in enterprise trade, but also provide investment or speculative trading activities for market participants. \x0d\ Spot foreign exchange transactions, also known as spot foreign exchange transactions or spot foreign exchange transactions, refer to foreign exchange transactions in which the currency is actually delivered on the second business day or trading day. \x0d\ Forward foreign exchange transaction, also known as forward foreign exchange transaction, refers to the foreign exchange transaction in which both parties agree on the trading conditions such as currency, amount, exchange rate and delivery time in advance, but actually deliver after the expiration. \x0d\ foreign exchange pricing method: direct quotation, indirect pricing method. \x0d\ ④ Derivatives business \x0d\ Financial derivatives include: futures, interest rate swaps, currency swaps and options.