Financial intermediary refers to the capital flow service provided by the financial market, which mainly transfers funds from the demand side to the supply side through different financial institutions such as money market, bond market, stock market and futures market to realize the capital flow. Financial intermediaries mainly serve those who need funds, and their purpose is to provide funds for those who need funds and meet their capital needs.

Second, asset allocation.

Asset allocation refers to the asset allocation services provided by the financial market, mainly through the money market, bond market, stock market, futures market and other different financial institutions, to transfer funds from the capital supplier to the capital demander to realize asset allocation. Asset allocation mainly serves fund providers, and its purpose is to provide assets for fund providers and meet their capital needs.

Third, price discovery.

Price discovery refers to the price discovery service provided by the financial market, which mainly transfers the asset price from the asset supplier to the asset demander through different financial institutions such as money market, bond market, stock market and futures market. Price discovery mainly serves asset demanders, and its purpose is to provide prices for asset demanders and meet their asset needs.

Fourth, risk management.

Risk management refers to the risk management services provided by the financial market, mainly through the money market, bond market, stock market, futures market and other different financial institutions to transfer risks from risk recipients to risk takers to achieve risk management. Risk management mainly serves risk recipients, and its purpose is to provide risks for risk recipients and meet their risk needs.

Abstract: The four functions of financial market are financing, asset allocation, price discovery and risk management. Financing refers to the capital flow service provided by the financial market. It mainly transfers funds from the demand side to the supply side through different financial institutions such as money market, bond market, stock market and futures market, so as to realize the flow of funds. Asset allocation refers to the asset allocation services provided by the financial market, mainly through different financial institutions such as money market, bond market, stock market, futures market, etc., to transfer funds from fund providers to fund demanders and realize asset allocation. Price discovery refers to the price discovery service provided by the financial market, mainly through different financial institutions such as money market, bond market, stock market and futures market, to transfer the asset price from the asset supplier to the asset demander, so as to realize price discovery. Risk management refers to the risk management services provided by financial markets. It mainly transfers risks from risk takers to risk takers through different financial institutions such as money market, bond market, stock market and futures market, so as to realize risk management. The four functions of the financial market provide investors with more services such as financing, asset allocation, price discovery and risk management, so that investors can better grasp opportunities and achieve investment goals.