Abstract
Because of the rapid development and wealth accumulation in the Pearl River Delta (PRD), most of the cities in this area are motivated to establish wealth management centers (WMCs). We create an evaluation index system for assessing the development level of WMCs in cities in the PRD; we develop this system by selecting 20 indicators including gross regional production (GDP). Subsequently, we use panel data from 2010 to 2013 of nine cities in the PRD to evaluate the financial competitiveness of each of these cities through principal component analysis (PCA); we further analyze the pioneering roles of Guangzhou and Shenzhen in establishing WMCs in the PRD. The numerical analysis results reveal that Shenzhen and Guangzhou rank first and second, respectively, regarding financial competitiveness in the PRD, indicating that the two cities play a leading role in the establishment of WMCs in the PRD.
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