Study On Promoting The Construction Of Chongqing Financial Center With Service Trade

The construction of a financial center is one of the strategies for enhancing the competitiveness of international and domestic cities.The municipalities have selected breakthroughs in the development of financial center,including improving the financial system environment,optimizing the investment and financing environment,facilitating the investment and financing,improving the financial institution system and financial function system,and strengthening the construction of the information hinterland to enhance financial agglomeration and radiation capabilities.Chongqing is a unique and important role in the development of the national region and the opening up to the outside world,as it is located on the “One Belt,One Road” and an important hub of the Yangtze River Economic Belt and an important strategic fulcrum for the development of the western region.With the establishment of the Chongqing Bonded Port Area,the establishment of the Liangjiang New Area,and the opening of the YUXINOU Railway,Chongqing has already formed the "three three-in-one" inland opening characteristics,the promotion of the China-Singapore(Chongqing)Demonstration Initiative on Strategic Connectivity,the opening up of the land,the establishment of the Chongqing Free Trade Pilot Zone,the transfer of industries,and the strengthening of open cooperation have brought greater opportunities for Chongqing's economic and financial development.The demand for a functional financial center in Chongqing has also become more pressing.The goal of the construction of a functional financial center is to promote Chongqing's economic development by leaps and bounds and to exert the economic growth effect of financial development.The purpose of this paper is to provide a theoretical support for the construction of a functional financial center in Chongqing,and propose policy recommendations based on the breakthroughs in the construction of a financial center.Firstly,through literature analysis,this paper sorts out and summarizes the relevant theoretical research of the financial center,and divides the financial center into a natural formation model and a government guidance model.Then through quantitative analysis,the analysis of the economic,financial and governmental factors in Chongqing shows that the construction of a functional financial center in Chongqing is suitable for construction under the guidance of the government,characterized by service trade.Thirdly,a case study was conducted to compare comparability of Singapore and learn from Singapore's financial center's feasible experience in the dimensions of urban development,industrial upgrading,and factor aggregation.Finally,combining Chongqing's economic and financial development status with Singapore's experience,the paper puts forward the policy recommendations for the construction of a functional financial center in Chongqing.The research of this paper mainly applied the literature analysis,factor analysis and case analysis,and concluded that Chongqing's construction of a functional financial center suits the government guidance model.In order to promote the construction of a financial center,it also proposed the development of Chongqing's service trade as a breakthrough,combining the industrial attributes and financial attributes of service trade.On this basis,the government should also provide more support for institutional supply,and plan well in terms of serving the real economy,preventing financial risks,improving financial supply,and strengthening the institutional environment.