The Evaluation And Research On Xi'An Financial Competitiveness And Promotion Strategy

As a key element of the economic growth, the development of finance has a direct impact and will determine the level of regional economic development, must concern to the regional financial competitiveness evaluation when evaluating the regional economic competitiveness.Financial system and development level should adapt to the economic system and development level, this is a continuous process of adaptation. With the pace of financial liberalization and financial markets acceleration of the process, the financial industry competitiveness in urban and regional economic development will play a more important role. Studies have shown that the financial competitiveness of a country (or region) and its overall competitiveness is becoming more relevant. Stronger overall competitiveness of countries and regions, their financial competitiveness is also strong.This paper studies the theoretical aspects of financial competitiveness, and the development of the financial industry of Xi'an, analyze the existing problems; then evaluate it from two aspects, horizontal analysis and vertical analysis. Horizontal analysis is based on 11 capital cities of west China and two developed countries, Beijing and Shanghai, in year 2008, combined with the actual situation of regional development, establish a comprehensive evaluation index system, using factor analysis to analyze the financial competitiveness of these 13 cities, examining the financial competitiveness position and rank of these cities. And then take the city's financial competitiveness composite score as the sample of clustering variables, use hierarchical clustering method to divide the level of city financial competitiveness, the estimation results is that Xi'an ranks the fifth in 13 cities, and the fourth class city by clustering analysis. Longitudinal analysis use data envelopment analysis method, do empirical studies on Xi'an, evaluate its financial competitiveness of technical efficiency, pure technical efficiency and scale efficiency of year 1998-2008. Estimation results show that the financial competitiveness of Xi'an, efficiency situation was volatile, high-input, high consumption and low output modes affect the efficiency of financial competitiveness of Xi'an. Finally, based on the former analysis, trying to find ways and means on how to enhance the financial competitiveness of Xi'an, make the financial policy recommendations.