An Empirical Study On The Western China Urban Financial Radiation And The Construction Of Multi-level Financial Growth Poles

Finance, as the core of modern economy, is the assistant driving force of thesustainable development of economy. Since the “Twelfth Five Years Plan”, the majordominant approach, the strategic key point and the core application of theimplementation of China’s Western Development Program has transfer to cultivate andconstruct the growth poles which has good economic radiation power and good leadingpower, as well as the system containing growth poles which correlating with each other.Therefore, establishing financial growth poles in western area can be used to pusheconomy forward. While, comparing to the eastern area, the western area enjoysrelatively lower financial development and most cities don’t have the financial radiationpower in themselves, only one or one level financial growth poles don’t have enoughradiation power to cover the whole western area. Moreover, the activity that somewestern developed cities also strive to compete for the financial centers in the westernregion can possibly irrational competition. Therefore, to construct the multi-levelfinancial growth poles in the western area is very significant for leading the westerneconomy development with radiation power, for verifying the position setting ofwestern cities, for optimizing financial resources, so as to provide western economywith highly efficient finance support.This thesis, from the financial and economic development in the western area,according to non-balanced growth pattern based on the growth pole theory,systematically design the mode of multi-level financial growth poles which have thepower to lead economy development and realize the final goal of balanced development.From the perspective of financial geography theories, systematically construct the indexsystem for western city financial competition. Use structural model equation and factoranalysis to quantitatively measure the financial competitiveness of the cities in theWestern China, and preliminarily choose the cities which have the potential to be thefinancial growth poles, then with the combination of the use of urban flow strengthmodel to finally set the multi-level financial growth poles. The conclusions are asfollows:①While generally speaking, the western major cities’ financial competition isnot big enough and some cities’ financial competition lags behind that of some cities,The weak economic and financial influence of western cities and the regional economiccoordination barrier will limit the radiation of single pole; there is a need to construct the multi-level financial growth poles so as to play the full potential.②From theperspective of financial competition, Chengdu, Chongqing, Xi’an and Kunming top thefirst four ranks, Wulumuqi and Lanzhou lag behind them, these six cities has beenchosen as the cities which have potential to be financial growth poles.③From theperspective of urban flow strength, Chengdu, Chongqing and Xi’an have alreadyreached the flow strength of ten billion level, Kunming, Wulumuqi and Lanzhou haverelatively large scale flow strength, which lag behind Chengdu, Chongqing and Xi’an.④According to the financial explanatorycompetition and displaying competition, withthe combination of the urban flow strength to finally set the multi-level financial growthpoles. Chengdu, Chongqing and Xi’an are finally set as the first financial growth poles,while Kunming, Wulumuqi and Lanzhou are set as the second financial growth poles.Based on the above conclusions, this thesis, based on the multi-level financialgrowth poles which have been set and the characteristics of each poles, construct themulti-level net of financial growth poles and propose suggestion for the enlargement ofradiation power: First, the financial growth poles at different levels should judge thesituation, take their own advantages, make the right position to construct the financialgrowth poles with characteristics. Second, the second financial growth poles shouldcarry on and spread the radiation of the first level financial growth poles. Third,potential financial growth poles in western area need to be selected and furthercultivated so as to expand the multi-level financial growth poles.