Analysis On The Competitiveness Of Guangdong Financial Industry

Finance is the development of commodity economy to a certain degree the product, and with the development of the commodity economy and the evolution of development. Financial system and development level should be able to suit the economic system and development level, and this is a constant process of adaptation phase. With the pace of financial liberalization and financial markets to accelerate the process, competitiveness of the financial industry in urban and regional economic development for the important role will become more prominent. Research shows that a country(or a region), the financial competitiveness of its comprehensive competitiveness of increasingly high. Strong comprehensive competitiveness of countries and regions, their financial competitiveness is also strong.Guangdong has the geographical advantages of adjacent to Hong Kong and Macao. With Guangdong, Hong Kong and Macao's economic ties have become increasingly close, Guangdong, Hong Kong and Macao financial cooperation has been constantly strengthened. Guangdong is the economical and financial center of South China. Since reform and opening up, Guangdong's economic and social undertakings have made rapid progress. Today, under the guidance of the "11th Five-Year" plan, Guangdong how to focus on the current status and look to the future and face the world. The next step to establish the strategic objectives are related to the functions of Guangdong and sustained economic development a major issue. This article is based on the Yangtze River Delta and the Bohai Rim economic boom, development of the Western region and the revitalization of old industrial bases in Northeast China and the "CEPA" and the implementation of the "Pan-Pearl River Delta" regional economic cooperation background, Guangdong through its own analysis of advantages and opportunities that Guangdong is facing a rare historical opportunity. If take effective measures, expanding the financial industry, Guangdong can become a financial province. In this theoretical framework, empirical analysis and the development of regional strategies response to the principle of combing, taking the SWOT analysis and using principal components analysis methods to Guangdong's financial industry has made a qualitative and quantitative analysis, Construction and linear model know in the financial industry in Guangdong is a total financial province. However, the financial institutions cash flow, total assets and the profitability of the individual profitability of capital with Beijing and Shanghai's financial development is a considerable gap.Finally, the article to enhance Guangdong's financial competitiveness of industries related to the proposed methods, Guangdong province from the current financial province to the significant competitive financial province.