Analysis of location conditions of financial centres in China

Abstract

First of all, the necessity of establishing financial centres is expounded. The establishment of financial centres has a lot of benefits to the world economic development, China’s economy and the occupied cities. The location conditions of financial centres may be summarized as follows: the location of trade centre, the factors of geographical position, the circumstances of finance, etc.. We consider that the first batch of financial centres in China should be established in the eastern cities of China. So 9 eastern cities in China are chosen as the spare financial centres. According to the location conditions of financial centres, 12 indices are chosen and the method of synthetic weighted average is used to find the best locations of financial centres. The conclusions are that the grade A financial centres should be in Shanghai and the grade B should be in Tianjin and Guangzhou.