How Chinese Financial Centers Integrate into Global Financial Center Networks:An Empirical Study Based on Overseas Expansion of Chinese Financial Service Firms

The increasing globalization of the Chinese economy has been enabled by both Chinese financial institutions operating globally as well as international firms operating within China. In geographical terms, this has been organized through a number of strategic cities serving as gateways for the exchange of financial functions, products and practices between China and the global economy. Drawing on location data of financial service firms in China listed on stock exchanges in Shenzhen, Shanghai and Hong Kong, this paper shows that Chinese financial firms are expanding globally and how Chinese financial centers are positioned and connected in the urban networks shaped by these financial service firms. It is found that Hong Kong, China, holds strategic positions in the integration of Chinese cities into global financial center networks, and that establishing a foothold in global financial centers such as New York and London has been a priority for Chinese financial institutions. The increasing capital flows directed by Chinese financial institutionssuggests a shifting global financial geography, with numerous Chinese cities playing increasingly important roles within global financial center networks.

Research on vertical deformation during construction of Shanghai World Financial Center

Shanghai World Financial Center is one of the highest buildings in the world, of which cumulation of vertical deformation during construction is significant and worth investigating. A refined finite element model was developed to conduct full-process analysis of construction of super-high rise buildings like Shanghai World Financial Center, in which the discrete analysis method of time-varying structures and age-adjusted effective modulus method were both used. In the finite element analysis, the whole construction process was divided into a series of stages, each with a structural system that is a part of the whole structure and with different material parameters, geometrical parameters, loading and boundary conditions. The whole construction process of Shanghai World Financial Center in consideration of creep of concrete was simulated successfully by using the finite element model and the analytical method developed. With respect to different construction stage, the total vertical deformation, inter-floor compression deformation and the relative deformation between the outer frame and the core-wall were obtained through the analysis. The comparison between the results from the stage-wise full-process analysis of construction with and without considering the creep and the results from the conventional analysis of the whole building under the total load from all self-weight and construction applied to the structure "in one go" shows that the cumulative effect on the deformation from the construction process and the creep effect need to be considered in analyzing the deformation of Shanghai World Financial Center, and the super-high rise buildings suchlike. Finally, the simulation results correlate well with the monitoring results-a proof of the feasibility and the validity of this paper.

Financial Street—Landmark of the Beijing Financial Center

Redefining Beijing For a long time Beijing has served as the political and cultural center for the country.While Shanghai and Shenzhen were encouraged to grow and reach their financial goals,Beijing cautiously dodged the label of a'financial center',in order to avoid the criticism of'redundant construc- tion'.However,Beijing is the birthplace of China's financial policies.Due to its special geographic position and drive

Empirical Research on the City Financial Service Satisfaction in Emerging Economies Financial Centers

A secondary indexes system is constructed by using the SERVQUAL model of the service satisfaction measurement and combining the basic principles of financial service as well as its ＂tolerance zones＂ . All kinds of financial service satisfaction indexes are analyzed and tested empirically in Shanghai and other major emerging financial centers, and it is concluded that emerging financial centers are in a disadvantage position of the financial service level as a whole in comparison with the mature international financial centers, while Shanghai is demanded to make an improvement in the credibility of financial services and the professional knowledge reserve of service personnel in comparison with other emerging financial centers.

An Analysis of the Impact of Dual Crises on Hong Kong’s Financial Development

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.

Using Grey Relational Analysis with Entropy to Predict the International Financial Center of China

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.

Identities Found in Uniqueness: Two Financial Centers in China

Hong Kong and Shanghai have long been known as two financial centers in China.Both are themain channels of capital flows between China and theworld.Both are situated in the delta regions of China:one being in the vicinity of the Pearl River and the otherin the Yangtse River.Are they twins?Will a replace-

Quality Management of Financial Shared Service Center in the Digitalization Context:A Case Study of HX Financial Shared Services Center

In the digitalization context,a financial shared services center(FSSC)is designed to engage quality management in providing standardized financial shared services and risk control,completing the fundamental financial work,and offering value-added financial services to customers.The means that all these services are delivered has drawn attention from both theoretical and practical communities.Yet few researches has been conducted so far in this regard.Based on the Grounded Theory research method,this paper looks at the related quality management methods and summarizes findings in financial shared services centers,based on the case study of HX Financial Shared Services Center.This paper also analyzes FSSC definition,FSSC quality management,digitalization applied in FSSC quality management,and FSSC e-quality management development in this digitalization context.This paper can serve as references to counterparts engaging in FSSC quality management and to supplement the prevailing theories on FSSC quality management application.

China’s Financial Centers

Chinese mainland currently has two stock exchanges, as well as several com-modity futures exchanges. As investor interest increases, these bourses will contin-

Shanghai, World Financial and Trade Center

With its ideal location and history of international finance and trade, the bustling port of Shanghai continues to offer a good climate for investors from around the world.

BLOGTALK

To be a real financial center, you must become a magnet for global financial activity. If the Shanghai stock market aims to become China＇s financial center, the Hong Kong Stock Exchange should strive to become East Asia＇s financial center. It should be actively pursuing the world＇s biggest companies, not scrabbling about for the limited number of red chips.