The Location Choice And The Advice Of International Financial Center In Our Country

Finance is the core of modern economy. Financial development is closely relevant to economic increment. An effective financial center can gather a lot of financial capital and other factors of production, thus promote the economic development of cities and surrounding regions. Financial center can achieve joint development with hinterland through radiation effects and promote regional economic development by increasing investment. A financial center with highly effective operation can magnify the contribution of the financial industry to real economy. In recent years, under the promotion of economic globalization and information technology, international financial markets develops rapid and international capital flow has been accelerated. Due to the globalization of finance, all countries pay more attention on the status of financial center in national and regional economy. And the competition of scrambling for an international financial center was intensified. In a sense, the competition for a financial center competition is equal to the competition for the leading role in economic development.The reform and open policy brought Chinese economy into a new stage of development. China's enhanced comprehensive national strength is calling for a financial status corresponds to it. However, due to various reasons, China's economic development is still constrained by other countries, the building of financial markets are relatively slow. Our country is necessary to built own international financial center in order to get rid of such constraints, promote the development of the financial system, fight for the initiative right in dealing with international economic affairs, maintain the independence of domestic economic policies and the stability of domestic economy, defend international economic and financial security.As developing countries, especially China, such an economic power with economy in transition and the policy of "one country two systems", how to build a financial center network and the composition, corresponding to both national and global economy is one of the keys that related to the success of country's financial strategy. It is also the only way for China to head for financial powerhouse. So we should only build a global financial center, other cities should be centre to the regional international financial center. Meanwhile these centers should have different position of function, thus it can make China the formation of a point, line, surface comprehensive integrated financial center network. And the network is reasonable structure and has different functions.This paper followed the research ideas of "why-where-how to build China's financial center". Analyzing and comparing for both financial competitiveness and the basic conditions among lots of cities, it is found that Shanghai is the most suitable city for building an international financial center.This paper introduces the process of Shanghai's building, confirms the relationship between Shanghai and Beijing etc.. And it also confirms Shanghai's location in Asia. Then the paper points out the path for constructing Shanghai to be an international financial center:by the power of government and the market, to rely on the real economy, characterized by capital requirements pull, to build Shanghai as an international financial center of servicing the domestic economy and foreign economic functionality. It is a long-term system project.