Study Of Chinese Money Market Performance

Money market is the base, which we had not understood very much for a long time, in the financial market system. With China speeding up its opening up in the financial field, it is a crucial task to ameliorate the financial market especially of the money market, hence there is a significance concerning theory and practice to study Chinese money market performance.This article includes three chapters. With the description of the money market system and the clarification of the connotation and theory about money market performance being comprised in, the first chapter is a theoretical base of the following research. The second chapter is the main part in this article, where Chinese money market performance is analyzed from such sides as market operation, monetary policy transmission, and price mechanism. In the third chapter, some measures for improving Chinese money market performance are put forward.In the framework above, the connotation of money market performance is personally expounded, i.e. money market performance is that in how big extent the function of money market has worked, and money market performance refers to the operation performance at first, on which the performance for monetary policy transmission and in price mechanism are based. Chinese money market has achieved some positive performance, which features the money market's own development, the transform and further improvement of monetary policy transmission mechanism, and the money market interest rate's rising importance in the marketization ofinterest rate , etc. Meanwhile, there are some factors in money market such as market participant, market instrument, and settlement mechanism etc, impeding the further development of money market's performance, and we must take these factors into account for improving the performance of Chinese money market.