The Construction Of China's Regional Financial Centers And The Constructing Modes

What is the regional financial center? What is the reason of the regional financial centers'formation and developments? Which cities are potential candidates for financial centers and what are their suitable levels? And through which modes should they be constructed? The above questions are under heated discussion in the academic circle. This paper carries on the research to the formation and the development problems of the regional financial center from upon four perspectives.Section 1 reorganizes the representative research achievements from the concept, category and formation modes perspectives, puts forward a more exact concept, thus avoiding the confusion and misunderstanding rampant in popular and journalistic discussions. The regional finical center of research in this text is a function type, relies on the regional center city, pushed by the niche advantage or government function.Section 2 mainly bases on the district division-labor theory, industrial clusters theory and the theories of financial geography, carries on a theories analysis about financial center formation. The district division-labor is the basic reason of regional financial centers formation; the process of regional financial centers formation and the development is a geographical agglomeration of financial intermediaries substantially. In addition to the time and distance factor, the thing that affects the financial resources to gather together still includes the information dissymmetry and the path dependence...etc.Section 3 puts forward a new analytical frame according to the city system to explain the regional financial centers phenomenon. Regional financial centers cities can't be an independent existence. It has to carry on financial circulation with the different grade cities inside the district. In a city system, the core city accumulate to gather great deals of financial resources; the financial resources have a preface to distribute according to the city grade; the different grade cities become a stable financial network system. Finally, this text puts forward the Formation Potentiality as a new concept. It decides which cities are potential candidates for financial centers and what are their suitable levels.Section 4 based upon the analysis, the paper can charts out a comprehensive evaluation system of the potential. Through PCA, this paper carries out an analysis of 43 cities as samples. According to the results of analysis and the demarcation standard of the financial centers, this paper classifies the potential cities for National Financial Centers, Regional Financial Centers, Local Financial Centers, The Financial Supports.Section 5 bases on the results of analysis and the characteristics of each sample cities, puts forward four modes for constructing regional financial centers, and make a substantial evidence analysis to particular sample city also.Section 6 summarizes this article's research, and proposed the question which further research need to develop, before conclusive discussion.