Financial market is a place where financial transactions take place.When a financial transaction takes place between a resident of a country and a non-resident, it is an international financial transaction, and the place where the transaction is traded is called an international financial market.
金融,就是以货币形式表示的资本,换句话说,就是一般为了资本目的通过金融市场或金融机构已借贷资金形式构成的资本。当金融国际化了,就成了国际金融。金融市场就是各种金融买卖发生的场合。当一笔金融业务发生在一个国家的居民和非居民之间,就成了国际金融业务,而这笔买卖发生的场合就是国际金融市场。
Normally a financial market consists of foreign exchange market, money market, bond market and equity2 market.The last two markets usually fall into the category of securities market or capital market.
一般,金融市场包含外汇市场、货币市场、债券市场和股票市场。债券市场和股票市场又统称为资本市场。
Foreign exchange market deals with the exchanges of different means of payment.Because the relative values among different currencies will fluctuate according to economic and political circumstances of the currencies of the relative countries, foreign exchange markets provide services for international investors3 or financiers such as forward transactions and foreign currency futures4 to eliminate such risks.
外汇市场处置不同支付方法的兑换。因为不同货币之间的相对价值会伴随有关国家经济和政治状况的变化而波动,外汇市场为国际投资者和筹资家降低风险而提供了一些服务,比如远期买卖、外汇期货等。
Most of the savings5 and investment transfers take place in the domestic market of a country.However, domestic investors may purchase foreign securities and may invest in foreign financial institutions.Strictly6 speaking,it is a foreign financial market. A significnat aspect of such internationaltransactions is that all transcations are directly subject to the rules, usance,institutional arrangements, offcial policy governing foreign transcations in the respective domestic markets.
大部分储蓄和投资业务是发生在一国的国内市场。但,国内的投资者也可以购买外国证券和在外国金融机构内投资。严格的说,这是外国
金融市场。外国金融市场的一个显著特点就是,所有买卖都直同意各自国内市场的规章、管理、机构协议与有关海外买卖的官方政策的制约。
The Euromarket, which is defined as a market where financial instruments traded are denominated in currencies other than the currency of the country where the market is located.It is, in the true sense, an external financial market.The important distinction between the external financial market and the domestic financial market lies in that Eurocurrecy banking7 is not subject to domistic banking regulations. Today the Euromarket has become an indispensable element of the international financial market.
欧洲市场,就是在该市场上买卖的金融工具都是用欧洲货币来标价而不是用市场合在地国家的货币来标价。欧洲市场是真的意义上的境外金融市场。境外金融市场和国内金融市场的要紧不同是欧洲货币银行业务不受国内银行规章规范的管辖。今天,欧洲市场已成为国际金融市场不可分割的一个部分