TITLE:
The Formation of Regional Financial Center in China: Based on the City of Guangzhou
AUTHORS:
Ying Zeng
KEYWORDS:
Regional Financial Center, Evaluation Index System, Principal Component Analysis, SWOT Analysis
JOURNAL NAME:
Modern Economy,
Vol.7 No.4,
April
29,
2016
ABSTRACT: This paper sets up an Evaluation Index System of the regional financial
center with variable selected from three dimensions: economic development,
financial development degree and innovation
environment support. The principal component analysis methodology is then used
to evaluate competition of six cities including Guangzhou. According to
the composite score, Guangzhou is ranked
fourth, behind Beijing, Shanghai and Shenzhen. In addition, the SWOT analysis
of Guangzhou regional financial center is adopted and two major problems
are pointed out respectively, headquarter economy in low level and small
financial scale. Finally, four recommendations to improve regional financial
center of Guangzhou are put forward.