Analysis Of International Financial Service Trade Competitiveness Of Beijing And Shanghai

With the development of economy, the growing proportion of service trade inforeign trade, and china’s service trade is growing rapidly too. Financial service tradeis an important part of service trade, the demand for it raising as economicdevelopment. Beijing and Shanghai are better cities of the development of financialservice trade. And to some extent,the two cities could represent China. So it isimportant to research these financial service trade.Firstly, this paper introduces the research background and reviews literature,then summarizes the indicators and analysis methods adopted. Secondly, based onoutline the current situation of the two cities financial service trade, using some indexto analyze these competitiveness. The competitiveness index mainly fall into twotypes, proportion and index. The proportion indicators includes the share in servicetrade and foreign trade, and openness. The index indicators includes TC index, RCAindex, CA index, MI index, and advantage of export growth index. Then, accordingto the theory of Potter’s diamond model, analysis the influence factors from the sixfarts,performed through factor analyze with ten years data. Finally, this paper offersuggestions to improve the financial service trade competitiveness of Beijing andShanghai. For Shanghai, should improve financial stability and seize the Free TradeArea opportunities. From talent, service innovation, factor market, headquarterseconomy, service environment, jing-jin-ji integration to improve Beijing financialservice trade competitiveness.