The composition of financial market is very complicated, and it is a huge system composed of many different markets. But generally speaking, according to the maturity of financial market trading tools, financial markets are divided into two categories: money market and capital market. Money market is a short-term financing market, while capital market is a long-term financing market. Money market and capital market can be further divided into several different sub-markets.
The money market includes interbank lending market, repurchase agreement market, commercial paper market, bank acceptance bill market, treasury bill market market, large denomination negotiable certificate of deposit market, etc. Capital market includes medium and long-term credit market and securities market.
Extended data:
Financial markets can be classified from different angles:?
1. According to the financing term, it can be divided into short-term financial market and long-term financial market. Short-term financial market, also known as money market, includes bill discount market, short-term deposit and loan market, short-term bond market and interbank lending market. Long-term financial market is also called capital market, including long-term loan market and securities market.
2. According to the transaction object, it can be divided into local currency market (including money market and capital market), foreign exchange market, gold market and securities market.
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