An International Financial Center In Asia Comparative Study

International financial centers have existed already more than 700 years of history. It is as an inevitable result of the development of commodity economy and the globalization of economies day by day. And also it provided a better platen for the growth of economic and finance of host country. Along with the shape of the economic globalization and the liberalizing, the development of international financial market is fast, the international capital turnover quickly, more and more countries pay attentions to the action of financial center. Global financial crisis post -which kindles by the American sub-mortgage crisis, the rivalry stance of each international financial center of the world also appeared change. The rivalry among international financial centers is also more vigorous. Forming and development of international financial center is a long process, all vitally related with economic power, market size, financial environment,financial institution and political factor, especially the market size, internationalization degree and environment factor are the nucleus factor that effect an international financial center. The domestic and international scholars have all carried on a lot of theory searches about the forming and shape of international financial center, but haven't got a united conclusion. The rating beacon of the international financial center system is also not the same, each has good and bad. Because the contents of financial center rating beacon is complicated, or even incapable to quantize with precision, each nation or regional are various in the adjudicate beacon. The volatile economic environment and political situation all around the world also make higher request to the rating beacon system of financial center. At the age of post-hazard, there is necessity creating homologous rating system carrying on a rating to the international financial center under this special age back ground.Based on the former studies, this paper will firstly talk about the key factor which affect the international financial center—market size, internationalize degree and environment. And then calculate scores of Hongkong, Singapore, Tokyo and Shanghai, give a ranking of the fore international financial centers. And then compare the competitiveness of the four financial centers of Asia. Based on the above analysis results, finally the paper will give an outlook of the development about Shanghai international financial center.