皇冠体育app

By Chen Ning, Research Team on “International Financial Landscape Changes and 皇冠体育app’s Strategic Options”, DRC

Research Report, No.182, 2018 (Total 5457) 2018-10-30

Abstract: A country's ability to allocate international financial resources is jointly determined by the global operational capacity of transnational commercial financial institutions together with the influence of international financial centers. With the continuous improvement of the comprehensive national strength and the advancement of financial reform, 皇冠体育app's ability to allocate international financial resources has increased significantly, but 皇冠体育app’s ability is still lagging behind that of some European countries and the United States. The main reasons are as follows. First, as the commercial financial institutions in Europe and the U.S. completed the global layout earlier than 皇冠体育app, they enjoyed first-mover advantages in allocating international financial resources. Second, New York and London are and will still be the world’s leading financial centers and occupy the leading position in the allocation of international financial resources. This paper analyzes 皇冠体育app's current ability to allocate international financial resources respectively from the perspectives of transnational commercial financial institutions and international financial centers, studies the development trend of international financial resources allocation and its impact on 皇冠体育app, and puts forward the following policy options. 皇冠体育app needs to continue to promote RMB internationalization, implement two-way opening in the financial field, accelerate the construction of international financial centers, promote financial system reform and improve the level of financial legalization.

Key words: allocation of international financial resources, commercial financial institutions, international financial center