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11 August 2020 An Empirical Study on the Financial Development Differences of Chinese Port Cities along the New Maritime Silk Road
Hanwen Guo, Yihan Zhou, Wei Cui
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Abstract

Guo, H.W.; Zhou, Y.H., and Cui, W., 2020. An empirical study on the financial development differences of Chinese port cities along the New Maritime Silk Road. In: Qiu, Y.; Zhu, H., and Fang, X. (eds.), Current Advancements in Marine and Coastal Research for Technological and Sociological Applications. Journal of Coastal Research, Special Issue No. 107, pp. 341-346. Coconut Creek (Florida), ISSN 0749-0208.

The financial development of coastal port cities plays a crucial role in their economic development. This paper uses 18 indicators of 16 Chinese port cities along the “New Maritime Silk Road” in the 2018 China Statistical Yearbook to reflect the level of financial development and financial development environment, AHP is used to determine the weight of each indicator, cluster analysis is used to classify the cities according to the financial development level, and then principal component analysis is used to analyze the indicators, so as to get the score ranking of each city's financial development level, find out the reasons for the differences in financial development of port cities. The result shows that the financial industry strength and development speed of Shanghai, Guangzhou and Shenzhen are in the forefront due to historical accumulation factors and long-term national policy support. Cluster analysis further proves that the financial development of each port city has significant differences, and the influencing factors also have regional differences, among which the economic development level, economic growth level and the development of banking and insurance industry have a greater impact on the financial development of the city.

©Coastal Education and Research Foundation, Inc. 2020
Hanwen Guo, Yihan Zhou, and Wei Cui "An Empirical Study on the Financial Development Differences of Chinese Port Cities along the New Maritime Silk Road," Journal of Coastal Research 107(sp1), 341-346, (11 August 2020). https://doi.org/10.2112/JCR-SI107-079.1
Received: 19 May 2020; Accepted: 16 June 2020; Published: 11 August 2020
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KEYWORDS
financial development environment
level of financial development
New Maritime Silk Road
port cities
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