金融英语-10要点分析.pptVIP

Unit of measure * Footnote Source: Source Working Draft - Last Modified 26.06.2007 21:39:06 ? ? ● Financial English 2014 CONFIDENTIAL Document Date This report is solely for the use of client personnel. No part of it may be circulated, quoted, or reproduced for distribution outside the client organization without prior written approval from McKinsey Company. This material was used by McKinsey Company during an oral presentation; it is not a complete record of the discussion. Working Draft Financial Market 2014 Financial English Chapter 10 Prepared by Shen Xiaotao, SWUN Learning Objectives By the end of this chapter, you should be able to know about: financial market; types of financial markets call market; continuous market; over-the- counter market New York Stock Exchange; Nasdaq Structure Introduction Call Markets Continuous Markets New York Stock Exchange Over-the-counter Market Nasdaq Introduction -- What is a financial market? -- What are the different types of financial markets? -- What does “price discovery” mean? -- What is the difference between primary market and secondary market? Important Points Different Types of Financial Markets ?? Capital Market Capital Market consists of primary market and secondary market. In primary market newly issued bonds and stocks are exchanged and in secondary market buying and selling of already existing bonds and stocks take place. So, the Capital Market can be divided into Bond Market and Stock Market. Bond Market provides financing by bond issuance and bond trading. Stock Market provides financing by shares or stock issuance and by share trading. As a whole, Capital Marke