Financial Agglomeration Research

With the development of economic globalization, the concept of Financial Agglomeration gets more attention and it is also a key factor for the financial centers. The personnel, the business environment, market access, infrastructure and general aspects are all important for a high standard financial center to achieve a competitive advantage and ensure its overall financial strength. Especially for China who urges to achieve market-oriented model through financial reforms, the degree of financial agglomeration is vital for dealing with the regional economic gap. Therefore, there is great positive significance in the study of financial agglomeration either from the academic value, or from the practical needs. Chapter 1 in my dissertation sets forth the issue of financial clustering research background and significance. The second and third chapters focus on the formation mechanism of financial clustering research:Financial Agglomeration Theory of knowledge with wide range of areas. The second chapter forms the basis of the theory of financial concentration-related research framework by analysis of Financial Development Theory, Financial Geography Theory, Industrial Agglomeration Theory, Economies of Scale Theory and Regional Economic Theory. Chapter 3 deepen the study of financial concentration by the systematic analysis of the financial agglomeration motivation and progress including the financial agglomeration content, features, patterns of financial concentration and financial functions. The theoretical analysis and the method of comparative study are used in Chapter 4. The financial center of London and Singapore were deliberated as two different development models-a market-driven model and the government-promoted model. The experience of development for two centers was been strictly researched in this chapter. Finally, Chapter 5 and Chapter 6 considered the general process and the basic conditions for Beijing to be a Financial Center. According to the financial realities of Beijing City, Chapter gave the pros and cons in the development of financial agglomeration in Beijing and the road to development the financial agglomeration in Beijing was analyzed from both Financial System part and the government part in Chapter 6.