Analysis On Urban Financial Competitiveness Of Yangtze River Delta

Since the1980s, with the changes of international situation, peace and development became the strategic objectives of each country, the core of international competitiveness is the economic strength. In the contemporary process of economic development, an increasingly important role is played by finance. In view of this, the research of regional financial competitiveness as part of the study of regional economic competitiveness will become increasingly important. Yangtze Delta, China’s most developed economy, the financial aggregates are the most abundant region, the region’s internal financial competitiveness analysis seems particularly important, this paper selects the region as the object of study, through a combination of qualitative and quantitative research methods, the region’s financial competitiveness were analyzed.The overall idea is:first, relevant literature is reviewed and summarized, combined with the classic theory to explain the concept of financial competitiveness; Second, the Yangtze River Delta urban financial competitiveness evaluation index system is designed by the combination of Potter competitiveness theory, the GFCI index and IMD index system, as well as the data availability of Yangtze River Delta cities; then, the correlation method were studied and analyzed, their advantages and disadvantages as well as the practicality of this study were summed up and select the principal component analysis method of as the empirical study method in this article; not only the analysis of the financial competitiveness of a particular point in time was done, the author also selected six-year time-series data on the Yangtze River Delta urban financial competition to research dynamic change.This study shows that:within the Yangtze River Delta, whether from the point in time or in the long run, Shanghai’s financial competitiveness exceeds the rest cities, Shanghai is indeed the Yangtze River Delta and even the country’s financial center, Shanghai has a strong financial strength is also a great impetus to the regional financial and economic development; as Zhejiang and Jiangsu provincial capital, Hangzhou and Nanjing’s financial construction and development are also better than the other cities of the province; financial scale and financial efficiency are unequal, or even very often they are contradictory; in several indicators, the large proportion of the financial scale indicates that the current stage of financial development in China is low, is still in a stage of scale expansion, the financial efficiency and financial ecologicalenvironment construction have not been able to keep up with the pace of the overall economic and financial developments, financial market system and financial system construction in the future need to focus on strengthening these two.Finally, according to the conclusions of the article, the author targeted proposes some policy recommendations, including:improving the financial market system; improve financial ecological environment; vigorously strengthened and improved financial supervision; optimizing the allocation of resources, improve financial efficiency.