Abstract: This study maintains that in a static view, an international financial center requires five general conditions: Economic scale and quality, financial stock and flow, government policy and management and service level. To become an international financial center, Shanghai should measure itself against the acknowledged international financial centers. Therefore, we make a comparison between Shanghai and Hongkong by Principal Component Analysis to find the distance between Shanghai and the low level international financial center. In a dynamic view, Shanghai has the potentiality of an international financial center, so, Shanghai’s construction into an international financial center is unshakable.