Research Of Nanning To Build A Regional Financial Center Conditions And Countermeasures

With the rapid development of economic globalization, the integration of financial marketsalso will quickly spread to the global; the integration of financial elements tends to be more andmore obvious. In addition to the established international financial center, a large number ofemerging international financial centers are growing fast. Financial business from financialcenters is proliferating in various areas of the global economy, economic behavior associatedwith the financial center is scattered in every corner of the world. The role played in thedevelopment of the world economy is already apparent; Degree of attention of finance fromcountries in the world has reached an unprecedented level. The finance becomes a core lifeline ofthe economic development of a country or region. Along with the growth and development of thefinancial system, the various financial elements automatically come to a central pointagglomeration, and then evolve into a financial center. Regions that are able to or tend to be afinancial center are actively exploring the building of financial center in all various ways.In recent years, Nanning,the capital of Guangxi has seen the rapid economicdevelopment,the financial industry has been continuing to grow strong, at the same time, theestablishment and development of China-ASEAN Free Trade Area has been pushing aheadwith the integrated development of Nanning. The role played by Nanning in the trade betweenChina and ASEAN countries is becoming more and more prominent; the advantage of buildingthe regional financial center has become increasingly evident. In the front of an unprecedentedmajor opportunities in Nanning, I began to study Nanning to see whether it was able to be builtas a regional financial center, and put forward how successfully to construct Nanning as aregional financial center, so as to be able to devote myself a little in long-term development ofthe city.Firstly,through analyzing the international, national and the economic and financialdevelopment background of Nanning, first from the established theoretical basis of the domesticand international financial center, the city which build a regional financial center conditions areanalyzed in detail. Secondly, by SWOT analysis, weaknesses, opportunities and challenges aresummarized and explained in building a regional financial center in Nanning.Thirdly, by the useof comparative analysis, through comparing Nanning with the typical city of the fairly activecountries in the ASEAN, to identify strengths and weaknesses of Nanning in building anfinancial center in the ASEAN region in order to obtain a more comprehensive conclusion,Studies show although economic development of Nanning fall behind a lot with Singapore City,but the potential of development of Nanning is much larger than Singapore. At the same time, theoverall strength of the Nanning is superior to Ho Chi Minh City. Therefore, in ASEAN, theinternational market, Nanning still has the possibility to become the financial center in this region.Then, by adopting quantitative and qualitative methods of analysis and using theSPSS17.0economics analysis software, I make a comprehensive competitiveness quantitativeevaluation and a theoretical summary of regional comprehensive competitiveness in buildingregional financial center of Nanning, I found that the comprehensive competitiveness of NanningCity ranking second in the four central and western cities of Nanning, Kunming, Xi’an, Guiyang,and so it has the strength of the economic, financial and other aspects of the basic to become aregional financial center.On the basis of the text above-mentioned, systematically evaluating thecomprehensive level of Nanning, it reaches an integrated, macro concept.Finally, according tothe analysis, the thesis come to conclude main paths and ways to build a regional financial centerand systematically explained how to build a regional financial center in Nanning from these fouraspects: the improvement of the financial ecological environment,the improvement of thefinancial market system, the establishment of the ASEAN Regional RMB settlement center andthe increasing of the number of high-quality financial professionals.