Research On Chinese Financial Service Trade Competitiveness Influencing Factors

After China’s accession to WTO, along with the rapid growth of the economy as a whole, Chinese financial services trade did not show a strong growth momentum. Chinese financial services trade has its own characteristics, academics’ researches on financial services trade are more concentrated in developed countries, and there are some limitations about financial services trade competitiveness researches by Chinese domestic scholars.This paper summarizes the results of the current study, analyzes the applicability of the financial service trade competitiveness study of traditional comparative advantage theory and competitive advantage theory.Analyzes the feasibility of the "diamond model",the symbol the comparative advantage theory,about the Chinese financial service trade competitiveness and then apply the model in China,.Puts forward a applicable "Diamond Model" of Chinese financial services trade competitiveness.Points out that the main factors affecting the competitiveness of Chinese financial services trade, and finally come up with ideas that strengthen the competitiveness of Chinese financial service trade.This article firstly summarize the assumptions and beliefs of the traditional comparative advantage theory of and the competitive advantage theory,indicates some advantages and disadvantages of the two theories.Through theoretical analysis that try to find the meeting points between Chinese financial services trade and the competitive advantage theory.Analysis the competitive advantage theories in the study of financial services trade competitiveness issues.And then According to the characteristics of Chinese financial services trade,puts forward a applicable "Diamond Model" of Chinese financial services trade competitiveness,makes the model more explanatory in Chinese financial services trade competitiveness.Secondly author try to do empirical analysis about the factors of the Chinese financial services trade competitiveness and selects the indicator variables Basing on the model.According to principal component analysis and regression analysis,obtains results of the regression equation about explained variable and indicator variables—The influence that the main factor to the Chinese financial services trade competitiveness.In the light of the above study,the way of strengthen the Chinese financial services trade competitiveness is the cooperation of relational industries and the government factors.However,the most important factor of the Chinese financial services trade competitiveness,he innovation,was not play a role in the past ten years.Finally,in accordance with the result,bring forward the problems of Chinese financial services trade competitiveness and dish the way to steady it, that is the innovation of market mechanisms and financial Services.