Other financial numbers include: fund companies, financial leasing, finance companies and asset management companies.
Fund companies: raise funds from customers and invest more in the capital market.
Financial leasing company: the prospect is good, and it has great development potential under the policy background of credit crunch.
Both asset management companies and trust companies have the function of managing money on behalf of customers.
1. Financial products refer to all kinds of intangible assets with economic value that can be publicly traded or realized. They are also called marketable securities, such as cash, bills of exchange, stocks, futures, bonds and insurance policies.
For example, we can buy any commodity with cash, including financial products; We can go to the bank to accept the draft (turn it into cash): we can buy and sell (trade) stocks and futures at will in the corresponding financial market; Our bonds, insurance policies, etc. Can be cashed (turned into cash) at maturity.
Two. Classification of financial products:
1. Financial products can be divided into basic securities such as stocks and bonds and derivative (advanced) securities such as futures and options.
2. According to the ownership attribute, financial products can be divided into two categories: property products such as stocks, options and warrants, and debt products such as national debt and bank credit products. The former is the relationship between property rights and the latter is the relationship between creditor's rights.
3. According to the expected income, wealth management products can be divided into non-fixed income products such as stocks, options and funds, as well as fixed (also called structured) products such as various bonds and credit products.
4. Financial products can be divided into short-term products, long-term products, low-risk products, high-risk products, currency (market) products and capital (market) products according to the length of time, risk degree and trading place.
Three. Classification of financial instruments:
According to the characteristics of intermediary:
Direct financial market: a market formed by direct financing between the supply and demand sides of funds.
Indirect financial market: a market formed by financing from financial institutions such as banks.
According to the trading cycle
Money market: a short-term capital market with a financing period of less than one year.
Capital market: a long-term capital market with a financing period of more than one year.
According to the trading procedure, it can be divided into:
Primary market (distribution market):
This market was formed when fundraisers first sold financial instruments such as stocks, bonds and bills to investors.
Secondary market (circulation market):
A market where issued stocks, bonds and bills are bought and sold between different investors.
According to the delivery time, what about the phone bill?
Spot market: a market where transactions are conducted in the form of "clearing Qian Qing goods" after transactions.
Futures market: an appropriate market for trading in the form of delivery at the agreed future time after trading.