1, short trading cycle. The short-term borrowing of funds is only one day, and the long-term borrowing is generally not more than one year, and most of them are 3 to 6 months;

2. The purpose of the transaction is mainly the supply and demand needs of short-term capital turnover, and the overall destination is to make up for the temporary shortage of liquidity;

3. The liquidity of trading instruments is strong. Therefore, the market for financing short-term funds is called money market;

4. Financial instruments in the money market are highly monetized, with the characteristics of strong liquidity, stable price and low risk.