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Research On The "2+N" Construction Mode Of The Financial Center Of The Silk Road Economic Belt

Posted on:2020-12-03Degree:MasterType:Thesis
Country:ChinaCandidate:M L GuoFull Text:PDF
GTID:2439330590493468Subject:Finance
Abstract/Summary:PDF Full Text Request
The financial industry is the core and lifeline of the modern economy,and it has important support,guarantee and leading role for economic and social development.Because financial development has greatly promoted economic development,all localities have attached great importance to financial work,and have proposed to establish regional financial centers with the capital cities of the provinces(cities,districts)as the core.The financial development level of the financial center will directly affect the overall level of financial development in the region.Six cities in the Silk Road Economic Belt have clearly proposed the concept of building a regional financial center,and the level of financial development is on the rise.However,compared with developed regions such as the Yangtze River Delta,there is still a large gap,and the gap is constantly expanding.Therefore,the study of the internal and external gaps in the financial competitiveness of the financial center of the Silk Road Economic Belt and the financial radiation effects of the dualcore financial center provide a reference for further rationalizing the development of the financial industry in the Silk Road Economic Belt and promote the Silk Road Economic Belt.The coordinated development and the gradual reduction of the growing economic gap between the western region and the eastern region are of great significance.This article focuses on the development of the Silk Road Economic Belt.First of all,the CDI CFCI report is analyzed.The gap between the Silk Road Economic Belt and the Financial Center of the Yangtze River Delta is quite different.The reason for the external gap is found.Then the “CDI CFCI Index + Factor Analysis Method” is used to find the Silk Road.The reason for the internal gap in the economic belt.In this process,the phenomenon of “Chengdu Dual-Core Financial Center” was discovered,and then the Wilson model and impulse response function were used to study the financial radiation effects of the Chengdu-based dual-core financial center on the rest of the provinces and cities of the Silk Road Economic Belt.This paper draws the following conclusions: First,the financial development gap between the Silk Road Economic Belt and the Yangtze River Delta region continues to expand.The reason is that the financial institutions of the Silk Road Economic Belt and the scale of the financial market are prominent.Second,the total variance explained in the “CDI CFCI Indicator + Factor Analysis Method”,the proportion of financial scale,insurance market development,local financial institution development level,regional capital market,and financial development environment are 44.10%,19.18%,and 15.29,respectively.%,12.72%,8.71%,it can be seen that the gap in financial comprehensive competitiveness of financial centers in the Silk Road Economic Belt is determined by the scale of finance and the degree of development of the insurance market.Third,Chengdu and Chongqing are the two financial centers with the strongest financial competitiveness in the Silk Road Economic Belt,and the financial and financial competitiveness of Chengdu and Chongqing has complementary characteristics.From this,we can break the tradition and propose to build a dual-core financial center.Fourth,this paper uses the Wilson model to calculate the radiation range of the Chengdu-Chongqing dual-core financial center with a radius of 641.69 kilometers covering most of the Silk Road economic belt.Using the VAR model and the impulse response function verification,the financial radiation effect of the Chengdu-based dual-core financial center on the remaining six provinces and cities is significant.Therefore,this paper finds and proposes a new development model of the Silk Road Economic Belt,namely the “2+N” development model,to promote the overall financial development level of the Silk Road Economic Belt with the Chengdu-Chongqing Dual-Core Financial Center.
Keywords/Search Tags:Silk Road Economic Belt, Chengdu-Chongqing Dual-Core Financial Center, synergistic development, radiation effect
PDF Full Text Request
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