Financial Industry Cluster Formation And Evolution Mechanism And The Shanghai International Financial Center

As a center of China economy, Shanghai plays a significant role of leader in China economy development. Since China government officially pronounced to construct Shanghai as an international center of economy, finance and trade, International Financial Center Construction has been an important object of Shanghai economy development, as well as a nation strategy. How to utilize modern economic theories to make industrial policies to direct the practice of achieving the object has been a very important and urgent task.With the background that technical progress and organization transformation leads the global production competition, Industrial Cluster, a network organization between the market and the enterprise, appears which expands in the economical global tendency depending upon its unique competition superiority. It has become one of new luminescent spots in the world economics. With the rapid development of global financial industry and the emerging markets countries, many regional financial centers have been growing up. In this context, the financial industrial cluster has been a hot field of many subjects: economics, sociology, geography and so on. Financial Center is just the practical application of financial industrial theories. Research on the formation and evolution mechanism of financial industrial cluster and factors of drive and obstacle in practice is very valuable to Shanghai International Financial Center Construction.From the complex big system viewpoint, this dissertation researches financial industrial cluster's formation and evolution mechanism by using the related theory and method. At last, the dissertation analyzes Shanghai financial industrial cluster's characters, and tries to propose policy suggestions to develop the construction of Shanghai International Financial Center through the conclusion of the study.1) Through to all kinds of industrial cluster's concept analysis, thinking about the industry cluster's characteristic, the dissertation gives a new definition for industrial cluster's concept. The industrial cluster is a production organization by achieving the certain quantity scale and existing the competition and cooperation relation's aggregation that is composed of the connected with some specific industry spatial (induct) enterprise and organization which have similar preference of resource gifts or connection in value chain to get a good use of resources and enhance production efficiency as well. In the concept, the dissertation emphasizes the reasons and the intentions of relative concentrated while relaxes the restriction of highly geographical concentration. Based on this definition as well as combined with the definition of financial industrial cluster by professionals and academicians, the dissertation defines financial industrial cluster as an industrial cluster that is combined by financial enterprises and related service agencies in a special region which are connected by the relations of competition, cooperation to share financial resources as well as to enhance operational efficiency. Financial industrial industry has such characteristics as products complexness, resources sharedness, network connectiveness, embeddedness and openedness.2) With the theory of dissipative structure and the theory of catastrophe, applying economic analysis method, the self-organization analysis model is established from the industrial cluster's seed to formation as well as the entire evolution process. The analysis model is also applied for the research of financial industrial cluster's formation and evolution mechanism. Cluster entropy is an important implement for self-organization research. Industrial cluster's formation and evolution are implemented with the inter-action of several factors, which is an optimal choice with the current striction based on sufficient market capacity. The industrial cluster's seed is caused by some innovation enterprise accidentally appearing, while the massive imitations enterprises that follows up cause the industrial cluster truly to form. Because the industrial cluster's formation is caused by the catastrophe, nobody is able to artificially subjectively assign to develop some industrial cluster. However, a good environment which is helpful for the formation of industrial cluster can be made by artificially affecting related factors. Because of the catastrophe of the formation process, it is impossible to simply copy the style of the industrial cluster. Meanwhile, the industrial cluster has many choices in it evolution. Sometimes, the choice can be even reversion. Financial industrial cluster's formation and evolution can apply the self-organization model mentioned above. In its lifecycle, social network and industrial association will behave differently.3) Based on the analysis of self-organization model, considering about the current situation and characteristic of Shanghai financial industrial cluster, Shanghai financial industrial cluster can be regarded as developing in the stage of formation and evolution. As a result, attention must be paid to related fluctuation events. Further more, policy measures should be concerned to improve the environment of Shanghai financial industrial cluster's development. Driving factors of Shanghai financial industrial cluster have their individual strength while the obstacle factors are average problems which can be mitigated or solved gradually. Hence, the foreground of Shanghai financial industrial cluster is bright. The network of Shanghai financial industrial cluster will enhance the innovation ability of financial enterprises located in Shanghai.4) The dissertation tries to give appropriate policy suggestion to Shanghai International Financial Center Construction. To promote the development, the self-organization model should be applied in the practice which will help to make policies to improve the environment that the cluster embedded and to optimize the financial zoology. Such policies include: improve the core function of the Shanghai financial cluster as a financial center, establish a value chain of financial industry, and enhance the regulation effeiciency.