文献类型：期刊文献

英文题名：Agglomeration and location choice of foreign financial institutions in China

作者：Chen, Ke[1];Bao, Shuming[2];Mai, Yong[3];Lv, Wen[4]

机构：[1]East Tennessee State Univ, Dept Polit Sci Int Affairs & Publ Adm, POB 70651, Johnson City, TN 37614 USA;[2]Univ Michigan, China Data Ctr, Ann Arbor, MI 48104 USA;[3]East China Univ Sci & Technol, Sch Business, Dept Finance, Shanghai, Peoples R China;[4]Xiamen Univ, Dept Publ Finance, Xiamen 361005, Fujian Province, Peoples R China

年份：2014

卷号：79

期号：2

起止页码：255

外文期刊名：GEOJOURNAL

收录：EI(收录号：20141317524256);WOS:【ESCI(收录号:WOS:000210538200011)】；

语种：英文

外文关键词：Foreign financial institutions; Location choice; Globalization; Agglomeration; Chinese financial center

摘要：In the midst of global economic and financial integration, there are increasing cross-border capital flows between China and the rest of the world. Foreign financial businesses also start to play more important roles in the nation's market after waves of financial reforms. Within such a background, this study aims to investigate the agglomeration and location choice of overseas financial institutions in Chinese cities. Data from the 2004 China Economic Census show that foreign financial establishments, including banks, insurance companies, and other financial service businesses, were mainly agglomerated in coastal cities. In particular, three major urban areas, Shanghai, Beijing, and Guangzhou, concentrated a majority of overseas financial institutions. Results from regression models show that foreign businesses' location choice is greatly influenced by a city's urban economy, involvement in the global market, and telecommunication infrastructure. However, we do not find a significant link between foreign financial institutions' market entry and the size of domestic financial centers in China.