Several major sub-markets in the financial market system have their own characteristics:
1. Risk (uncertainty): for example, the risk in the stock market and the risk in the foreign exchange market.
2. Price is based on value, and the influence of supply and demand: the fluctuation of stock price and bond price finally reflects its value and is influenced by supply and demand.
3. Macroeconomic and microeconomic influences should be considered in the fundamental analysis of bond circulation price, stock price and exchange rate fluctuation.
Related similar or different contents in the financial market system:
1. Functions of financial market, interbank lending market, bond market, stock market, foreign exchange market, futures market, etc.
2. Participants in the foreign exchange market, futures market and interbank lending market.
3. Discount, rediscount and rediscount.
4. Similarities and differences between bills of exchange, promissory notes and checks.
Classification of financial market system
The financial market system includes money market, capital market, foreign exchange market and gold market. Generally, according to the maturity of trading instruments in financial markets, financial markets are divided into two categories: money markets and capital markets.
1, money market
Money market is a market for raising short-term funds, including interbank lending market, repurchase agreement market, commercial paper market, bank acceptance bill market, treasury bill market market and large denomination negotiable certificate of deposit market.
2. Capital market
Capital market is a market for raising long-term funds, including medium and long-term bank credit market and securities market. The medium and long-term credit market is a lending market between financial institutions and industrial and commercial enterprises, and the securities market is a market for financing through the issuance and trading of securities, including bond market, stock market, insurance market and financial leasing market.