作者：Canfei He; Rong Fu
关键词：产业区位；Banking reforms；foreign banks；locational choice；China
发表时间：2010-01-06
概要：
China has gradually reformed its banking sector and relaxed restrictions on foreign banking activities step by step. The gradual approach of reforms and deregulations has indeed guided foreign banks in China. Foreign banks are highly concentrated in Shanghai, Beijing, Shenzhen, Guangzhou, Tianjin and Xiamen. They initially chose special economic zones and the capital city of Beijing, later diffused to Shanghai,Tianjin, Dalian and Guangzhou, and recently to some inland cities. The statistical analysis indicates that banking opportunities, banking sector size and externalities associated with financial centers direct the city choices of foreign banks in China. Foreign banks significantly favor cities with fewer restrictions on foreign banking activities and tend to locate in cities with more international trade and foreign enterprises, suggesting the significance of the follow the customer strategy. The locational choices of foreign banks within China are also dependent on the investing banks’ countries of origin. The importance of informational externalities and first-mover advantages would fuel the spatial agglomeration of foreign banks in China.
