The short term is called money market.

It has long been called the capital market.

1。 The object of money market transactions is short-term (within 1 year) bills and securities, which are generally quasi-currency, with strong liquidity and great security, but the income is lower than that of capital market transactions (above 1 year). The function of money market is mainly short-term financing.

2。 The trading objects in the capital market are generally long-term securities, such as stocks and bonds. Long-term securities are mostly investments, so the main feature of the capital market is to raise and use long-term funds.

In addition, according to the different trading methods, trading hours and trading places, financial markets can also be divided into the following categories. According to whether it is delivered immediately after the transaction, it is divided into spot market and futures market.

2。 Based on the old and new securities, it is divided into the securities issuance market (primary market) and the securities transfer market (secondary market).

3。 According to the transaction object, it is divided into bill market, securities market, foreign exchange market and gold market.

4。 It is divided into local, national, regional and international financial markets by geographical scope.