The main differences between the international financial market and the domestic financial market are:

(1) Market operation levels are different. The field of activity of the domestic financial market is limited to the territory of a country, and the market participants are limited to residents of the country, while the field of activity of the international financial market transcends national boundaries, and its participants involve overseas residents or residents of multiple countries.

(2) Market business activities are inconsistent. Business activities in the domestic financial market generally do not use foreign exchange, nor do they need to be conducted through the foreign exchange market; while business activities in the international financial market inevitably involve foreign exchange trading activities, and must be conducted through the foreign exchange market. The foreign exchange market is one of the central markets in the international financial market.

(3) The degree of market control varies. The domestic financial market must be directly intervened (implicitly intervened) by the monetary authorities, and the market operation is largely controlled by administrative power; while the developed international financial market is basically not subject to the control of the financial authorities of the host country, and the market operation is generally There is little or no intervention.

The connection between the international financial market and the domestic financial market is as follows:

(1) The domestic financial market is the basis for the development of the international financial market. Some major international financial markets in the world were developed on the basis of the original domestic financial markets. The financial institutions, banking systems and foreign-related businesses in these international financial markets are closely related to the domestic financial markets.

(2) The movement of monetary funds in the domestic financial market and the movement of monetary funds in the domestic financial market influence each other. Changes in interest rates in the domestic financial market will affect changes in interest rates in the international financial market in various ways. Changes in currency circulation in the domestic financial market will also affect changes in exchange rates in the international financial market.

(3) Some large financial institutions in the domestic financial market are also major participants in the operation of the international financial market.