The external capital market remains relatively undeveloped in Germany.

外部资本市场在德国主要是相对落后的.

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So the bank career should entirely open internal capital, and then orderly open external capital.

银行业应该全面对内资(特别是民间投资者)开放,对外资的开放须循序渐进.

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To some extent, Internal Capital Market is the extension and substitution of External Capital Market.

从某种角度来说, 内部资本市场是外部资本市场在企业内部的延伸和替代.

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