Restricting Factors And Countermeasures On The Construction Of Upper Yangtze River Financial Center Of Chongqing

Regional financial center,as a regional financial agglomeration point,plays an important role in a region’s financial resource allocation and economic development.Chongqing,as the center of the west of China and the Yangtze River,plays an extremely important role in the national economic layout.Since Chongqing directly under the Central Government of China,it has made remarkable achievements in economic and social development,which relies heavily on the finance development.Therefore,it is significant to study Chongqing’s financial development and the way to regional financial,based on the current characteristics of Chongqing.As the strategy of national “The Belt and Road” in the economic belt of the Yangtze River implemented and the China-Singapore(Chongqing)strategic projects management office located in Chongqing,Chongqing gradually switch from inland to the forefront of opening up to the outside world,and usher multiple opportunities of building an important domestic financial center.First,this paper analyzes the background of Chongqing constructing the financial center,and then analyzes the advantage of Chongqing in the process of construction,including location and traffic advantage,policy advantage of Chongqing,economic strength,of Chongqing,the finance development scale,financial sector financing structure,financial factor market,business and financial risk control.Compared to other financial center cities,this paper summarizes the restricting factors of Chongqing in the process of construction,mainly due to the inadequate construction of the financial headquarters,imperfect financial market development,low integration of the upper Yangtze River region economy,insufficient talent team construction,which needs to be broke through during the financial innovation and opening.Moreover,this paper demonstrates other governments’ actions in the construction of financial center,for example,Beijing,Shanghai,Singapore and Frankfurt.Finally,the paper puts forward the policies for Chongqing to build the financial center of the Upper Yangtze River from the view of region and city.The regional policies include regional cooperation and innovation,regional financial opening,the regional economic security and dig hinterland area financial potential.The urban level policies include seven categories,i.e.,making the upper Yangtze river financial center,the diversified financial market system,improving the capacity of financial regulation,developing new financial industry,talent leading financial center construction,building the upper Yangtze River financial center characterized by settlement,constructing the offshore financial market.