Evaluation Of Financial Competitiveness In The China's Costal Provinces And Municipalities

At present, the financial competitiveness has become an important part of overall strength of the cities. A cities'financial competitiveness represents the level of financial resource allocative efficiency. A region's financial competitiveness not only directly affects the process of socio-economic development,the socio-economic impact of the layout and structure, but also has a decisive impact on the performance gains and losses about the socio-economic activities. Therefore, researching financial competitiveness of the city is very important.This paper studies 11 samples of China's coastal provinces and municipalities in order to establish the financial competitiveness indicators system and conducts the econometric analysis (including factor analysis and cluster analysis).Through the factor analysis, the text inspects the superiority and the inferiority of different aspects about different provinces and municipalities. Through the cluster analysis,the text illustrates the financial competitiveness level of different regions in order to find the financial center city.Then the text can discuss financial development strategies of the cities in order to better promote the city development.This paper divides financial competitiveness indicator system into financial system indicators and financial environment indicators. Financial system indicators are divided into financial institutions force and financial efficiency force. Financial environment indicators can broke down into economic force, the force of science and technology, open force, facility force and security guarantee. It explains city financial competitive power from many aspects. This paper first uses the factor analytic method to analyze each force, observes the level and sort of the coastal provinces and cities. Then the text carries on the cluster analysis, afterwards carries on the qualitative analysis, summarizes the grades about the costal cities'financial competitiveness. At last draws the related conclusion.This text eventually gets the following conclusion(1) the levels of financial competitiveness is not simply affected only by the impact of the financial system. technological force, open force, standard of facilities, security protection and other environmental factors also have direct or indirect effects on the region's financial competitiveness. (2) the southeast coastal areas of financial competitiveness rankings in front, Bohai Sea ring area, followed by the coastal cities; Guangxi and Hainan have relatively low levels, there are obvious gap between southern area and other provinces and cities. (3) In all coastal provinces, Shanghai and Guangdong ranked the most front, can be considered as the regional financial center, Jiangsu and Zhejiang was subsequently ranked, can be regarded as sub-regional financial center.According to results of the analysis, Guangdong and Shanghai are the financial centers of coastal provinces and cities. In that can serve as distributing center of regional resource and energy, highlands of wealth production and radiation to driving the development of the middle and peripheral area. In addition, it is also crucial to enhance the competitiveness of the coastal provinces through the establishment of creating a sound financial environment, improve the financial system, improve the financial efficiency of the financial channels.