The Research On The Relationship Of Financial Service Trades Among Mainland,Hong Kong,Tai Wan And Macao

This thesis aims at studying trade in financial services between the Greater China economic circle,analysing the relationship of trade in financial services between Mainlands Hongkong?Taiwan?Macao under the background of the development of the regional economic cooperation and trade in services.This thesis researches the following questions.First of all, from the two angles of international and domestic(region),discussing the international status and domestic(region) level of trade in financial services of the four regions. Secondly,studying the advantages and disadvantages of trade in financial services of the four regions, mainly using the revealed (export) comparative advantage index and the revealed (import) comparative disadvantage index,the revealed symmetric comparative advantage index and the revealed symmetric comparative disadvantage index and relative trade advantage index to carry on the analysis.Then taking the symmetry of the trade complementary index and the symmetry of the trade competition index to analysis the competition and complementary of the financial service trade of the four regions,Finally, taking Hongkong as the example, to analysis the trade dependency of financial services between Hongkong and the mainland, Hongkong and Taiwan, and using the fixed effect coefficients of panel model, analyzed the factors which influence the financial services trade between the mainland and Hongkong, Hongkong and Taiwan.The results of this study are as follows, first, Hongkong's trade in financial services is the most strength of the four both at international and domestic(region).Secondly, the revealed comparative advantage index clarifise Hongkong's trade in financial services has the competitive advantage,while Taiwan's.Mainland's,Macao's trade in financial services do not have (export) revealed comparative advantage. The four regions do not have export revealed comparative advantage in insurance service.The symmetry of the trade complementary index explains that Macao and the mainland, Hongkong are complementary to each other insurance services. The insurance services of Taiwan and the mainland and the financial services of Taiwan and Hongkong are complementary. The mainland and Hongkong financial services are complementary to each other. Hongkong and Macao Taiwan are complementary in financial services. The symmetry of the trade competition index explains that the competition exit in Hongkong and Macao?Mainland?Taiwan in financial services, but the competition is not high. There is no competition between the four regions in insurance service.The degree of trade dependence explains that the Hongkong financial services trade dependence on the mainland is higher than the mainland dependence on Hongkong in financial trade services, and dependence of Taiwan on Hongkong is higher than dependence of Hongkong on Taiwan,Which Hongkong's dependence on the mainland's highest. Panel data analysis results indicate that the GDP of the input region, the goods trade total volume have a positive impact on financial and insurance services trade of one place to another, namely the stronger economic of the input region,the closer goods trade relations between the two sides,the more attractive of the input area to attract the other areas to output financial and insurance services to the input area.