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
London has grown up quickly to be a global financial center as a Phoenix in the past 100years,recorded history dating back to over 500 years ago.Though the financial services in London were berated to be "greedy&...London has grown up quickly to be a global financial center as a Phoenix in the past 100years,recorded history dating back to over 500 years ago.Though the financial services in London were berated to be "greedy"and as part of a giant casino led to the recession,this view was not accurate.London international financial center has become the core of the global financial industry,and played a crucial role in the development of the global economy.This article mainly discusses:the influence of London financial center on the world economy,the support to real economic development,the status of historical stages,and the development trend of the City.展开更多
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 ...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London has grown up quickly to be a global financial center as a Phoenix in the past 100years,recorded history dating back to over 500 years ago.Though the financial services in London were berated to be "greedy"and as part of a giant casino led to the recession,this view was not accurate.London international financial center has become the core of the global financial industry,and played a crucial role in the development of the global economy.This article mainly discusses:the influence of London financial center on the world economy,the support to real economic development,the status of historical stages,and the development trend of the City.
文摘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
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.
