| Money market and capital market have respective functions in financial system, but they have something to do with each other. Fund resources flow from money market to capital market or from capital market to money market, which lead to reasonable price of funds in market and led to efficient allocation of the fund resources in the end. Recently, money market is not adjusted to capital market in china. Money market develops slowly but capital market develops fast; The department markets of money market and capital market doesn't develop correspondingly. The reason is that our government has paid too much attention to financial function but ignore the policy function, which segregates money market from capital market. Therefore, There are different returns between money market and capital market, which cause a lot of fund to flow irregularly from money market to capital market. In order to improve the efficiency in financial system, we should develop money market quickly and develop capital market regularly. And the most importance is that we should construct various channels between money market and capital market in order to develop money market and capital market correspondingly.
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