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Research On Regional Financial Centers Construction From Financial Ecological Perspective

Posted on:2013-08-09Degree:DoctorType:Dissertation
Country:ChinaCandidate:G H LiuFull Text:PDF
GTID:1269330395987527Subject:Finance
Abstract/Summary:PDF Full Text Request
Finance as the core of modern economy, is widely penetrated into the variousaspects of social and economic life. It plays a significant role for optimizing theallocation of resources, accelerating economic development, enhancing the quality oflife and implementing macro-control. Financial center as the main feature, in whichfinancial institutions gathering, having well-developed financial markets, providingefficient financial services, has a strong function of promoting financial capital flowsand guiding the actual resource allocation. Since the13th century, financial center ofFlorence had a embryonic form, the efforts of global competition for constructing afinancial center has never relented. It is reflected not only in global financial centersand in regional financial centers. At present, more than20cities in China haveproposed constructing regional financial centers, in order to compete for resources ofregional development and economic development advantage.With economic globalization and regional economic integration, IT development,cross-border capital circulation, and other factors change, a new global financialnetwork is created. It is changed for finacial center formation model that financialcenter has to rely on traditional economic center, trade center and the domestic supplyof capital. Emerging financial centers are rising. Combinating the theoretical studyand the reality of situation, behind the formation of various types of financial centersin the history and the current stage, it’s the love of financial talents and financialcapital which gathing to surports the formation of financial centers. Financial talentsand financial capital is closely related to the financial ecological environment. That is,financial ecological environment is or not suitable for reproduction and developmentof the main financial ecology which is formed by financial talents and financialcapital, directly determines the effect of the financial center constructing.Therefore, from the perspective of the financial ecological, it analyzes themechanism, efficiency, and policy issues of China’s regional financial centersconstructing, promotes regional financial centers to a higher level, and even to a group of international financial centers, participation in international struggle forfinancial resources, has important theoretical and practical significance.This paper, based on the summary of relevant research literature and learningfrom the experience in the construction of global financial centers, through financialecology of ideas and methods, is to explore the mechanism of the formation anddevelopment of the financial centers, and evaluate China’s financial center city bymultiplekinds of assessment tools, combined with regional financial center in Chinaconstruction practice. For the problems in the construction of a regional financialcenter in China, it should fully consider the financial ecology of self-regulationountermeasures, with financial ecology’s development stage properties in differentcities, change the idea of a single fight of policies, proposes financial center cityconstructing strategy, policies and measures to the prevail circumstances and promoteregional financial center constructing.
Keywords/Search Tags:Regional financial cente, Financial ecological environment, Ecological self-regulation, Data envelopment analysis(DEA)
PDF Full Text Request
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