A Case Study of Factors Influencing the Development of Financial Services in China (Shanghai) Pilot Free Trade Zone

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Title:
A Case Study of Factors Influencing the Development of Financial Services in China (Shanghai) Pilot Free Trade Zone

Author:
Hongwen Fan

Advisor:
Dr. Ma Yu

Degree:
Master of Business Administration

Major:
International Business Management

Faculty:
บัณฑิตวิทยาลัย (Graduate School)

Academic year:
2566 (2023)

Published:
at the 7th Stamford International conference “Leadership & Social Sustainability in the Tech -Driven Era” SECTION-8 (pp.1534-1545)  conference  proceedings PDF


Abstract

With the establishment of the Shanghai Pilot Free Trade Zone (FTZ), financial business has become one of the key areas of development within the FTZ. This initiative aimed to promote the opening and innovation of the financial market, attract more financial institutions and talents to actively participate in the development of the FTZ, and inject new vitality into the development of the region. Therefore, the research objectives of this study were: 1) To analyze whether the policy environment had a positive impact on the development of financial business in the Shanghai Pilot Free Trade Zone; 2) To analyze whether the market demand had a positive impact on the development of financial business in the Shanghai Pilot Free Trade Zone; 3) To analyze whether the financial innovation had a positive impact on the development of financial business in the Shanghai Pilot Free Trade Zone; 4) To analyze whether the competition and cooperation had a positive impact on the development of financial business in the Shanghai Pilot Free Trade Zone.

Based on the free trade theory and financial innovation theory, this paper adopted the quantitative research method to investigate the influencing factors of financial business development in Shanghai FTZ. A total of 300 questionnaires were distributed in this survey and 280 valid questionnaires were recovered. The final conclusions were: 1) The policy environment had a positive impact on the development of financial business in the Shanghai Pilot Free Trade Zone; 2) The market demand had a positive impact on the development of financial business in the Shanghai Pilot Free Trade Zone; 3) The financial innovation had a positive impact on the development of financial business in the Shanghai Pilot Free Trade Zone; 4) The competition and cooperation had a positive impact on the development of financial business in the Shanghai Pilot Free Trade Zone.

Keywords: Shanghai Pilot Free Trade Zone (FTZ), financial services, influential factor, financial development


A Case Study of Factors Influencing the Development of Financial Services in China (Shanghai) Pilot Free Trade Zone

6217195434 Hongwen Fan 2566 (2023) A Case Study of Factors Influencing the Development of Financial Services in China (Shanghai) Pilot Free Trade Zone สารนิพนธ์ (Independent Study), Advisor: Dr. Ma Yu, ปริญญาโท (Master’s Degree), บัณฑิตวิทยาลัย (Graduate School), Master of Business Administration, International Business Management, Bangkok: Siam University

Academic Year 2023, Graduate School 2023, IMBA, IMBA 2023, Independent Study, Independent Study 2023, Master of Business Administration, Master of Business Administration (International Program) 2023, Master of Business Administration 2023, ปริญญาโท (Master’s Degree), บัณฑิตวิทยาลัย (Graduate School), Master of Business Administration,International Business Management

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