Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

Research of the Far Eastern Financial Center: Problem Analysis and Outlook

Authors
A O Pavlov, Yu A Levin
Corresponding Author
Yu A Levin
Available Online 17 March 2020.
DOI
https://doi.org/10.2991/aebmr.k.200312.329How to use a DOI?
Abstract
The research of the Far Eastern financial center in the context of the analysis of investment and business regional problems based on statistic information. The key factors are assessed that ensure the development of financial market and competitiveness of the investment climate in the Far East. It has been demonstrated that besides state support for favourable investment business climate, the financial sector should be developed, as without it the market capacity of the region and target economic growth are impossible. The need for high-quality financial services for Russian and foreign investors in the Far East, and for the Far East specific professional project consulting was justified. The problems in the financial sector are analysed, and the widening gap between the business development in the Far-East and the financial market development are analysed. It has been established that difficulties associated with attracting business funding and high costs of loans are among the key problems. A higher spread between loan interests in Russia and developing countries, including Asia Pacific. The financial sector development indicators are presented, in terms of which Russian lags behind the key states in Asia Pacific. The evidence for funding cost reduction in the Far-Eastern Federal District is provided. The conducted research provides a target vision of the Far Eastern financial center that ensures a competitive business environment in Asia Pacific, the conclusions are made on the key levers of financial service regional market development.
Open Access
This is an open access article distributed under the CC BY-NC license.

Download article (PDF)

Volume Title
Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
17 March 2020
ISBN
978-94-6252-929-8
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200312.329How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - A O Pavlov
AU  - Yu A Levin
PY  - 2020
DA  - 2020/03/17
TI  - Research of the Far Eastern Financial Center: Problem Analysis and Outlook
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 2377
EP  - 2381
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.329
DO  - https://doi.org/10.2991/aebmr.k.200312.329
ID  - Pavlov2020
ER  -