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What does it mean for the dispute of regional financial centers to enter the Warring States period?
As far as China is concerned, the professional division of labor in financial centers is not obvious, but it is not without foundation. In fact, many cities have the potential to become professional financial centers. With the increasingly fierce competition, I believe some cities will pay more attention to their differences and comparative advantages. For example, in 2007, the scale of the total net value of funds managed by Shenzhen Fund Management Company and the proportion of the total fund share were 39.26% and 39. 14% respectively, ranking first in the country, and it can be positioned as a national fund and wealth management center; Dalian Commodity Exchange has the highest number of derivatives trading contracts in Asia and has the potential to become an Asian commodity futures trading center.

Of course, becoming a professional financial center requires many conditions, such as economic foundation, political environment, financial system, financial institutions, policy orientation, tax and fee costs, infrastructure and so on. Different types of financial centers need different conditions. Therefore, if a city wants to break through the regional financial center in the Warring States period, it needs the support of the state in laws, systems, policies, infrastructure and other aspects besides its own superior conditions and reasonable positioning, which is often the decisive factor.