Selection of Regional Financial Center in China

Abstract

This paper focuses on the analysis of the situation of China Financial Centers and optimizes to select the most potential regional financial centers. The method of analysis the situation is calculating ratio and the method of selection is by using improved-TOPSIS method. The results show that the national financial centers (Shanghai, Beijing and Shenzhen) is more developed than other regional financial centers. And Guangzhou is most potential in regional financial centers. At last, we compare the Guangzhou with other regional financial centers which listed in GFCI index to give it some suggestions.

This paper focuses on the analysis of the situation of China Financial Centers and optimizes to select the most potential regional financial centers. The method of analysis the situation is calculating ratio and the method of selection is by using improved-TOPSIS method. The results show that the national financial centers (Shanghai, Beijing and Shenzhen) is more developed than other regional financial centers. And Guangzhou is most potential in regional financial centers. At last, we compare the Guangzhou with other regional financial centers which listed in GFCI index to give it some suggestions.