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资本市场是期限在一年以上的各种资金融通活动的总称,包括股票市场、中长期债券市场和以金融机构为中介的中长期信贷市场。从资本市场具有的功能看,它可使资本市场通过资本的流动来实现其优化配置,使之成为市场经济中整个市场体系的核心。资本市场的融资功能,包括直接融资和间接融资,通过各种金融工具和金融中介机构沟通资金的供求关系,使中长期资金在公平合理的交易条件下,从放款者手
Capital markets are the general term for various types of financial intermediation activities with a term of more than one year, including the stock market, mid-term and long-term bond markets, and medium- and long-term credit markets with financial institutions as intermediaries. From the perspective of the function of the capital market, it enables the capital market to realize its optimum allocation through the flow of capital, making it the core of the entire market system in the market economy. Capital market financing functions, including direct financing and indirect financing, through various financial instruments and financial intermediaries to communicate the supply and demand of funds, so that medium and long-term funds fair and reasonable trading conditions, from the lenders hand