| The financial industry is the core and pillar of modern economy, since the beginning of the seventies of the 20th century, with the economic’s globalization and informationization, liberalization step further and further, the rapid development of the international financial market, international financial capital in various regions of the flow has been accelerated, various research and practice show that, thanks to the rapid advance of information technology, financial industry appeared financial activities and financial institutions in a concentration area or the height of the city agglomeration phenomenon, the economic resources and capital can more effectively configuration, financial agglomeration center area and the surrounding region economy is vigorously developed and promoted. Use a coordinated method among enterprises to organize production and transaction has become the choice of more and more financial institutions, financial agglomeration is from the financial holding company agglomeration began to rise, development to different types of financial institutions today the space agglomeration and financial cluster has become the basic form of the modern financial industry organization. With the financial globalization, all countries pay more attention to the importance of the financial center in the national and regional economy, and the competition for the international financial center has been intensified. Financial center is a comprehensive organism, with a national bank or central bank as the general hub, to commercial banks, savings and investment, trust and other bank or company for body, stock exchange, money market, gold market and foreign exchange market for ailerons and financial center is financial agglomeration results. Currently, worldwide has formed New York, London and Tokyo for the representatives of the three major international financial centers and in some emerging countries and regions appeared regional financial center, Singapore in the 90s of the last century attract a large number of financial institutions agglomeration through the establishment of preferential tax policies of Asian dollar market, and the securities and futures market.In our country after the reform and opening up for 30 years of rapid development, has also formed such as Beijing Finance Street, Shanghai Pudong Lujiazui Financial District, Shenzhen Futian District,where the finance is highly concentrated in the area, compared with various areas of development situation, unbalanced phenomenon exists in financial development in different regions, and the regional distribution of space forming and financial agglomeration has a close correlation. Since 1992, the construction of the Shanghai international financial center, the fourteen General of the CPC formally established as a national level strategy, the country has opened the prelude to the construction of financial center. China’s accession to the WTO, Beijing, Shanghai, Shenzhen, Chengdu, Tianjin, Chongqing, Wuhan, Jinan, Guangzhou and other cities have been proposed construction become the idea of financial center, and gradually become a prominent phenomenon in recent years, city of domestic main economy to compete. But at present between different cities in China and regional economic development and the financial industry agglomeration discrepancy is extremely unbalanced, in the central and western regions compared with the eastern region, central and western cities group compared to ring the Bohai Sea, the Yangtze River Delta, Pearl River Delta city group showed a trend of relatively slow and backward, how to achieve the rapid development of our country economy of Ministry of Chinese and western, especially accelerate regional financial industry across the development so as to drive regional economic growth has always been scholars are very concerned about the problem. Therefore, the study of China’s financial agglomeration status and its impact on the regional economic development has a profound practical significance.Connotation and characteristics of this paper of western financial development theory, financial agglomeration emergence and development of the background and China’s financial agglomeration and financial center construction present situation has carried on the discussion and analysis, according to the classic theoretical model and framework as well as the previous research and demonstration, the system interpretation of "financial agglomeration, formation and evolution of the agglomeration process and concentration, financial agglomeration to have a drive and promote the role of the internal mechanism of economic development, and the more advanced spatial econometrics model and spatial statistics analysis method, empirical research on the financial industry agglomeration on regional economic growth effect is proposed, which some policies and suggestions. This article is divided into seven chapters:the first chapter mainly expounds the background and significance of the study, the empirical research of the space measurement methods, innovation points and deficiencies. The second chapter is the literature review about the financial development theory and the financial agglomeration effect, mainly introduces the financial development process and the formation and development of financial agglomeration. The third chapter systematically analyzes the connotation and characteristics of financial agglomeration, the formation and evolution, the process of agglomeration and the reason of agglomeration, and the current situation of financial center construction and international experience. The fourth chapter explains the internal mechanism and reason of the spillover effect of financial agglomeration on regional economic development. The fifth chapter introduces the framework and ideas of spatial econometric model analysis. In the sixth chapter, the latest 2010-2014 five years of China’s 31 provinces (municipalities) related data on economic variables, on China’s regional financial agglomeration spatial correlation and spatial heterogeneity test, and the spatial econometric model analysis China’s provincial financial agglomeration spillover effects on regional economic growth. The seventh chapter, by the empirical results and the current domestic and international economic and financial development of the situation to get some useful inspiration for our country to build a financial power to put forward some policy suggestions. |
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