| With the deepening of international division and formation of world markets, international trade and investment in many parts of the world, international financial activity in some of the major areas results in a number of regional and global financial centre. This article first examines several development and destruction of some international financial centres and their causes, and focus on analysis of the current restrictions on constructing, then by comparing the analysis as an international financial centre with the maturation of Shanghai City of related conditions and objectives it discussed the obstacles and solutions in the construction progress of an international financial centre in Shanghai.The international financial market experience tells us that China, as a country in recent years has been to maintain high growth in developing countries, need a solid economy to support China's international financial centre. Shanghai, with whose unique geographic location, historical and cultural heritage and economic development model, became China's best choice of an international financial centre. At present, Shanghai has formed the financial market infrastructure and the full range of financial development patterns, achieved a remarkable achievement, and is recognized as the domestic financial sector which is one of the most developed cities. While China's booming economy support, political stability and the advantages of Shanghai, Shanghai's financial industry gives a rare opportunity for development.In General, Shanghai,being different with New York, London, has the gap with these world financial center chiefly in per capita economic level, the market system unhealthy, deal size small, low level of internalization, financial institutions are not reasonable and gathering of financial institutions is not sufficient, radiation capacity is not strong enough. This is not sufficient, the construction of an international financial centre in Shanghai, a clear strategic direction, speeding up the development of offshore financial markets, in facilitating the financial liberalization without relaxing the financial risk monitoring, further improving the financial market and the laws and regulations, to finance the establishment of good financial environment, while at the Shanghai finance steadily to globalization. Only in this way, Shanghai could go forward to overcome the shortcomings of it, relying on its own advantages, facilitating the financial industry to take off, driving the overall economic development in Shanghai, with Chinese characteristics of an international financial center. |
