On The Operation Of China Money Market

The money market is in the basic position of the whole financial market system, but our country has paid attention to the capital market development for a time, and had insufficient understanding of the function of money market. With China speeding up its reform in the financial field, it is a crucial task to ameliorate the financial market, especially the money market. So studying the development problem of the present money market of our country has stronger theory meaning and realistic meaning.The article analyses in depth the running situation of money market of our country in recent years, It is a money market's own operation course that the money market operates, it include money market subject, money market tool, money market mobility, trade settlement mechanism and risk management etc.. The article launches analysis around above-mentioned respects on Call Market, Repurchase Agreements Market, Note Market separately. The final purpose of development of money market is to give full play to its peculiar function, so it is necessary to investigate the operation of the money market of our country in terms of function. The money market is a market that enterprises raise the short-term fund, the market that implements financial macro adjustments and controls of Central Bank, and have offered the foundations of depending on the fixed price of various kinds of financial assets- Bench Mark for financial system. The article discusses the realization situation of these functions, and then analyses the questions existing in the money market of our country operation. Finally, combining the discussion of the general theory of money market, direct against the question that exists in the money market, it provides the countermeasure for developing the money market.The article is divided into three parts. The first part analyzes the general theories of the money market, mainly including: The concept and main characteristic, the system structures and main elements, functions of the money market, the achievements and the current situations that domestic and international scholars have got in the money market study. After introducing our country's money market system briefly, the second part focuses on the deepdiscussion to the running situation of the money market of our country. From such respects as the system and key elements of the money market, money market mobility, trade settlement mechanism, it examine the running situation in Call Market, Repurchase Agreements Market) Bill Market, analyzes the questions existing in each market. And combining the realization situation of the function of the money market of our country, it analyses the question existing in the money market operation. The third mainly give some countermeasures for developing the money market. According to the theory analysis on money market in the first part, this part, aiming at the problem that the second part put forward, give some countermeasures for developing money market from two respects: monetary market system and key element, and running environment of money market.