Capital business can be divided into: ① short-term capital business; 2 bond business; ③ Foreign exchange business; ④ Derivative business.
① Short-term fund business: central bank bills, short-term treasury bonds, short-term financing bills, repurchase/reverse repurchase, interbank lending and money market funds.
② Bond business: government bonds, corporate bonds, corporate bonds and financial bonds.
Bond is a creditor's right certificate issued by the issuer to investors in order to raise funds, and promises to pay interest regularly at a certain interest rate and repay the principal at maturity.
National debt is a bond issued by the central government (usually the Ministry of Finance) to raise funds, and the government promises to repay the principal and interest to investors.
At present, the scope of corporate bonds in China is specific, not corporate bonds in a broad sense, that is, it does not include corporate bonds and financial bonds. Corporate bonds in China refer to bonds issued by limited companies and joint-stock companies.
Corporate bonds refer to bonds issued by unlisted companies with legal personality in China.
Financial bonds refer to bonds issued by China's policy banks, commercial banks, enterprise groups, finance companies and other financial institutions.
③ Foreign exchange business: spot foreign exchange transactions and forward foreign exchange transactions.
Foreign exchange transactions include transactions between various foreign currencies, as well as the exchange of domestic 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.
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.
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 and actually deliver after the expiration.
Foreign exchange pricing methods: direct quotation method and indirect pricing method.
④ derivative products business
Financial derivatives include futures, interest rate swaps, currency swaps and options.
Bank fund business is mainly the above content.