The establishment of the China Pilot Free Trade Zone(FTZ) has significantly promoted international trade, financial development, and economic growth. Building international financial centers(IFCs) satisfies the demand...The establishment of the China Pilot Free Trade Zone(FTZ) has significantly promoted international trade, financial development, and economic growth. Building international financial centers(IFCs) satisfies the demand for FTZs to facilitate financial development, as well as promoting economic growth. Thus, successfully predicting the next IFC in China under the FTZ framework is an important issue. In this study, we applied grey relational analysis combined with entropy method to predict potential IFCs among seven FTZ cities. According to the results, our interesting findings include: 1) the "total stock turnover", "total value of imports and exports", and "Foreign Direct Investment(FDI)" are key indicators for determining future IFCs; 2) among seven cities, Shenzhen and Tianjin are highly likely to become the next IFCs, while Shanghai is already an IFC.展开更多
According to the GFCI ranking from 2018-2020,Hong Kong fell from third to sixth,surpassing cities in other Asian countries and some inland cities in China.Hong Kong’s marginalization has intensified because of the im...According to the GFCI ranking from 2018-2020,Hong Kong fell from third to sixth,surpassing cities in other Asian countries and some inland cities in China.Hong Kong’s marginalization has intensified because of the impact of the new crown epidemic and anti-repair incidents.However,Hong Kong’s marginalization is indeed somewhat inappropriate.As far as the situation is concerned,Hong Kong still has a strong competitiveness,although it is lagging behind,but Hong Kong should think deeply about the strategy and system of“one country,two systems”,believe in the country’s strategic intention and adjust its state in time to re-exclude the public’s understanding of its marginalization.展开更多
文摘The establishment of the China Pilot Free Trade Zone(FTZ) has significantly promoted international trade, financial development, and economic growth. Building international financial centers(IFCs) satisfies the demand for FTZs to facilitate financial development, as well as promoting economic growth. Thus, successfully predicting the next IFC in China under the FTZ framework is an important issue. In this study, we applied grey relational analysis combined with entropy method to predict potential IFCs among seven FTZ cities. According to the results, our interesting findings include: 1) the "total stock turnover", "total value of imports and exports", and "Foreign Direct Investment(FDI)" are key indicators for determining future IFCs; 2) among seven cities, Shenzhen and Tianjin are highly likely to become the next IFCs, while Shanghai is already an IFC.
文摘According to the GFCI ranking from 2018-2020,Hong Kong fell from third to sixth,surpassing cities in other Asian countries and some inland cities in China.Hong Kong’s marginalization has intensified because of the impact of the new crown epidemic and anti-repair incidents.However,Hong Kong’s marginalization is indeed somewhat inappropriate.As far as the situation is concerned,Hong Kong still has a strong competitiveness,although it is lagging behind,but Hong Kong should think deeply about the strategy and system of“one country,two systems”,believe in the country’s strategic intention and adjust its state in time to re-exclude the public’s understanding of its marginalization.
