The Competitive Power And Future Prospect Of Shanghai IFC

As a financial center to carry out a variety of clearing and trading activities of financial intermediaries and financial transactions of capital distribution center, with a financial allocation of resources to optimize and achieve financial information distribution and price discovery and risk management role. In addition, the financial center of the region is the center of a country’s economic development and its important role in the financial deepening and innovation and enhance the economic strength of a country’s financial and maintain the country’s economic security, financial security. Current developments in global financial centers vying showing a trend, but mainly in developed countries, the financial center of Europe, the basic pattern of offshore financial centers and emerging market countries, supplemented by a financial center has not changed.Because of the important role of the financial center, China is also starting to focus on developing its own financial center, setting off a boom in construction across China financial center.Shanghai plays an important role in nation-building in China, with its unique geographical advantages, historical and cultural heritage and economic development model has become the choice for China to build an international financial center. At present, Shanghai has basically formed a diversified market system and pattern recognition is one of the developed cities in the international financial sector. In2012, the NDRC in " Twelve Five "period the construction of Shanghai international financial center plan made it clear that by2020, the Shanghai international financial center into an international financial center and the basic economic strength and international status of China’s RMB adapt; basic domestic and foreign investors to participate in the formation of a higher degree of internationalization pattern of other targets and make specific arrangements, since then, the construction of Shanghai international financial center process has been a strong support.In this context, the construction of Shanghai international financial center study, with a strong practical significance. This article attempts on the basis of the theory of international financial centers on the status of an important international financial center were analyzed, and combined with our analysis of the Shanghai financial center in China, Asia-Pacific and internationally, as well as international competitiveness future development of the interpretation.This paper argues that, with the Chinese government to improve the level of internationalization of China’s financial development, the expansion of financial services, improve, and the training and the introduction of financial ecological construction, Shanghai as an international financial center for China and the world economy make a great contribution to the development...