economic factors
The Influence of Macroeconomic Operation on Financial Market
Influence the long-term trend of the financial market
Macroeconomic variables that affect the functioning of financial markets:
(1) Gross domestic product (GDP growth, financial market development tends to improve)
(2) Economic cycle
(3) Inflation and interest rate (reverse change, systemic and overall impact)
(4) Exchange rate and international capital flow
macroeconomic policy
Monetary Policy
(Has a direct and major impact on financial markets) Works through money supply, interest rate and credit policy mechanisms
Fiscal policy
Play a role through tax policy, public expenditure policy, and issuance of national debt
income policy
Has a higher level of regulation
International Economic Environment Factors
Economic Globalization
The alternation of two economic philosophies of deregulation and tightening
The impact of the world monetary system
legal factors
Complete financial laws and efficient law enforcement are the fundamental guarantee for the smooth operation of the financial market
market factors
National and international unified market organization
Rich variety of market transactions
market trading mechanism or market model
The core of the market trading mechanism is the price discovery mechanism or price formation mechanism
technical factors
Information technology has powerfully stimulated financial innovation
Information technology makes information disclosure more timely, enhances the transparency of financial institutions, and changes the way of financial supervision
The wide application of information technology has led to the formation of a global unified financial market, and the boundaries between the international financial market and the domestic financial market are increasingly blurred
psychological factors
institutional or managerial factors
other factors
Summarize:
The main factors affecting the operation of my country's financial market:
Economic factors (the most important factors; macroeconomic operation, macroeconomic policy, international economic environment factors)
Legal factors (fundamental guarantees)
Market factors (the core of the market trading mechanism is the price discovery mechanism)
technical factors
psychological factors
institutional or managerial factors
Other factors (cultural factors, demographic factors)