Analysis Of Impact Factors Of Shanghai Finance Centre Construction

Finance is one of the most important factors which are essential to make one city to become an International Finance Centre (IFC). The Highly developed finance industry can stimulate the economy a lot, and the International Finance Centre construction can stimulate the finance development. We can see that the International Finance Centre always bring great benefit to the country.Just because of the great benefit to have an International Finance Centre, some emerging countries are busy constructing one. They has taken their own special advantages and set many national strategies to get their own IFC from which they gain a lot of benefits. Now the IFC development is usually pushed by the government instead of self growth in the history. As the origin of the Chinese modern-times' bank industry, Shanghai has a long finance history which can be reached to 150 years ago. Since the reform and opening to the outside world, Shanghai has been a finance centre across the country. Now Shanghai is trying her best to become an IFC.The government has made some plans from a strategically advantageous position and set some specific objects in different stages to do the Shanghai IFC construction which now is a national strategy. the paper has done some specific researches on the object of the Shanghai IFC construction, as well as the relevant impact factors which are investigated from the points of financial institutions assemble and financial radiation. It is obvious that Shanghai has won great achievement in the areas of market environment, infrastructure construction and human resource stimulation. And it is also glad to see that the economy and politics environment in China is a great favor to Shanghai IFC construction. But there are also some obstacles when it comes to the financial radiation which is very important for a city to be an IFC. Most of the obstacles comes from the unbalanced financial structure in China which most attribute to the sophisticated situation in economy and society. In the end, after all the analysis the paper also gives some suggestions on how to get more talented persons and to make the financial radiation smoother, both of which are very important to the Shanghai IFC construction.