An Empirical Study Of Financial Center Orientation In Beijing And Shanghai

Finance is the core of modern economy. The international financial centre can gatherlarge financial resources and it is the core of a country’s financial system. It is the mainsymbol of financial power. As a rising economic power, China should establish its owninternational financial centre with a certain influence. Now, our country has raised thereform of financial system as a national strategy. The financial industry entered the fastlane of rapid development. And it brings the call of financial center construction in manycities. The hot of China financial center is mentioned on the agenda too. But how toposition and build our international financial centre is a problem that we meet now. On thebackground, we research the construction of international financial center that has a strongpractical significance. This article attempts to predict the position of Beijing and Shanghaion the basis of relevant theories by building the evaluation model of international financialcenter. And it summarize that Beijing is more suitable to build our country’s internationalfinancial center through the empirical analysis. But considering our country’s nationalconditions and the effective use of financial resources, we conclude that Beijing can buildthe international financial center and Shanghai can build the regional financial center onthe basis of domestic financial center. At last, this thesis put forward different policysuggestions to Beijing and Shanghai in building the financial center.