Current situation, bottlenecks, and path options for the development of capital flows and integration in the Yangtze River Delta region

IF 2.4 Q3 ENVIRONMENTAL SCIENCES
Jing Yang, Guo-Yan Li, Zhuowen Zhong, Qiang Li, Guolei Du, Jinhan Guo
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Abstract

Capital plays a crucial role in the development of regional economies, especially in low-income regions where it acts as a primary driver of economic growth. Efficient capital flow is essential for optimizing resource allocation and facilitating the development of integrated capital markets. This passage introduces the topic of capital, capital flow, and capital market integration and highlights their significance in regional development.To gain a comprehensive understanding of capital flow and integration in the Yangtze River Delta region, the researchers conducted a connotative analysis. They constructed indicators from various aspects, including social fixed asset investment, bank capital flow, government transfer payments, social financing structure, and foreign direct investment. By utilizing these indicators, the researchers aimed to assess the current situation and identify bottlenecks related to capital flow and integration. Additionally, they drew on experiences from foreign capital flow and integration development to enrich their analysis.The analysis revealed several primary bottlenecks affecting capital flow and integration in the Yangtze River Delta region. These bottlenecks include an unsound banking management system, the presence of government competition and administrative barriers, and shortcomings within listed companies. The results highlight the specific challenges that hinder the smooth functioning and integration of capital in the region.To promote the development of capital flows and integration in the Yangtze River Delta region, the researchers propose various recommendations. These suggestions include promoting the development of listed companies, establishing a robust banking management model, improving relevant government policies, and optimizing the investment environment. These recommendations serve as important guidelines for policymakers to enhance capital flow and integration in the Yangtze River Delta city cluster. Furthermore, they emphasize the need to strengthen financial supervision and improve institutional mechanisms within the three provinces and one city comprising the region.
长三角地区资本流动与一体化发展的现状、瓶颈与路径选择
资本在区域经济发展中发挥着至关重要的作用,特别是在低收入地区,资本是经济增长的主要动力。有效的资本流动是优化资源配置、促进一体化资本市场发展的必要条件。本文介绍了资本、资本流动和资本市场一体化的主题,并强调了它们在区域发展中的意义。为了更全面地了解长三角地区的资本流动与整合,研究人员进行了内涵分析。他们从社会固定资产投资、银行资本流动、政府转移支付、社会融资结构、对外直接投资等方面构建指标。通过利用这些指标,研究人员旨在评估现状,并确定与资本流动和整合相关的瓶颈。此外,他们还借鉴了国外资本流动和一体化发展的经验来丰富他们的分析。分析揭示了影响长三角地区资本流动和一体化的几个主要瓶颈。这些瓶颈包括不健全的银行管理体系、政府竞争和行政壁垒的存在,以及上市公司内部的缺陷。结果突出了阻碍该地区资本顺利运作和整合的具体挑战。为了促进长三角地区资本流动和一体化的发展,研究者们提出了各种建议。这些建议包括促进上市公司发展、建立稳健的银行管理模式、完善相关政府政策、优化投资环境。这些建议对政策制定者促进长三角城市群的资本流动和一体化具有重要的指导意义。此外,他们强调有必要在组成该地区的三省一市内加强金融监督和完善体制机制。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.00
自引率
7.10%
发文量
176
审稿时长
13 weeks
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