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证券市场按其职能可分为证券发行市场和证券流通市场.证券发行市场又称初级市场或一级市场.证券发行是整个证券业务的起点,没有证券发行也就没有证券交易和证券投资.证券发行市场一方面为资金需求者提供发行证券筹集资金的场所,另一方面为资金供给者提供投资和获利机会.证券流通市场则称为次级市场或交易市场,根据证券流通市场的交易特点,该市场又可分为证券交易所市场和店头市场(或柜台市场).证券流通市场为证券持有者提供了证券变现的机
The securities market can be divided into securities distribution market and securities circulation market according to its functions.Securities distribution market is also called primary market or primary market.Securities distribution is the starting point of the entire securities business and there is no securities trading and securities investment without securities issuance. On the one hand, the issuance market provides a place for fund-raisers to issue securities to raise funds, on the other hand, it provides investment and profit-making opportunities for fund suppliers.Securities markets are called secondary markets or trading markets. According to the characteristics of the securities market , The market can be divided into the stock exchange market and the store market (or counter market.) Securities market for securities holders provide securities realized machine