Research On Dynamics Of Shanghai Financial Center From Financial Geography View

Financial center is very important and the dynamics of it has become the subject of intense interest in academic, business practitioners and government policy circles in the world. In China, the financial service industry has experienced a fantastic development and Shanghai is recognized as one of China's national centers for financial services and a good case to study on.In order to find out the dynamics of financial center in shanghai, we carried out a one-year study research from August 2005 to Sep 2006 in Lujiazui District, which is the core of Shanghai for financial industrial development. During the research, 165 questionnaire were sent, of which 54 were returned from almost all sub-sectors in Lujiazui District such as banks, insurance companies, securities companies, loan and trust companies, fund management and so on. Nine more face-to-face interviews with financial firms were organized to provide important qualitative evidence on the key agglomeration issues for Lujiazui District.Based on the analysis of questionnaire and interviews and the comparison with the situation of London, we find out that benefit from being close to finance market, the importance of the address perceived as credit, the support from the local government and Policies and Regulations are the main drive forces of the financial services agglomeration. Meanwhile, it shows that among the factors restricting the financial development in Lujiazui District, Policies and Regulations, finance market scale and intermediary organs are more important, which is different from London finance center.