Research on the achievements,shortcomings,and countermeasures of the western financial center construction in Chongqing
Through historical and current analysis,the study finds that Chongqing has made significant achievements in the construction of the Western Financial Center,but compared to traditional financial centers,there are still significant gaps in both the total scale and the functional structure.By constructing a financial agglomeration and radiation analysis model and conducting empirical analysis,the study reveals that Chongqing' s economic development is a key factor supporting the construction of financial centers.However,the effect of financial trading markets and scale economy is not yet obvious,and the regional financial agglomeration and radiation capacity is still insufficient.Based on it,some suggestions are proposed:firstly,strengthen the economic support for the construction of the western financial center;secondly,explore the formation of advanced financial service concepts and methods;thirdly,strive to build a higher standard financial trading market;forthly,enhance cross regional financial services and regulatory capabilities,and establish a financial center that truly plays a role in regulating regional resources.