Secondary market
Secondary market, also known as the secondary market, is a capital market, so that the public offering or private issue of financial securities trading transactions can be carried out. In other words, the secondary market is a trading market for any old financial commodity that can provide liquidity for the initial investors of financial goods. Where financial goods can be stocks, bonds, mortgages, life insurance and so on. The secondary market is present after the new securities are issued, sometimes referred to as "aftermarket". Once the newly issued securities are included in the stock exchange, that is, market makers (market maker) began to bid and provide new securities, investors and speculators can be relatively easy to buy and sell transactions. Countries of the stock market are generally secondary market. Compared with the United States and other Western countries, mortgage loans, life insurance and other financial products in the secondary market in China has not yet formed. ...