指证券、商品房等首次发行、发售的市场primary market

• 国家垄断城镇土地一级市场。。

  The country has a monopoly on the urban real estate primary market.

• 目前市场流动性比较匮乏，一级市场的资金有限。

  At present there is not much fluidity in the market, and the primary market is experiencing limited funds.