Factors Of Chinese Financial Services Sector Spatial Pattern And Influence

There are inseparable links between financial development and economic growth, along with the rapid development of economy financialization worldwide, finance has become the core of modern service economy. Due to the decisive role played by the financial services in China’s national economy, the study on the spatial pattern of financial services has important theoretical and practical significance. At the provincial scale and the prefecture-level city scale, this paper studied the spatial pattern of China’s financial services, banking, insurance and securities, and explored the impacting factors of the financial services at the spatial provincial scale. It helped to clarify the status quo and the degree of spatial differences of China’s financial services, and its internal sectors such as banking, insurance and securities. And it provided a basis for the optimization of the f financial resources’spatial allocation.Chapter1is an introduction. It analyzed the background, significance of financial spatial system research, methods and routes. Chapter2is literature review of the progress of special study with financial services at home and abroad. Based on the data of the China’s Statistical Yearbook, Almanac of China’s Finance and Banking, China Banking Regulatory Commission, China Insurance Regulatory Commission and the Securities and Futures Commission, Chapter3summarized the status quo of the financial services industry as well as the status of banking, insurance and securities industry which are the internal sectors of finance.Based on the data of the Almanac of China’s Finance and Banking, and the China City Statistical Yearbook, and the GIS software as for platform, Chapter4and5analyzed the spatial pattern and the spatial differences of China’s finance and its internal sectors concluding banking, insurance and securities at the provincial scale and the prefecture-level city scale. The main conclusions are as follows:(1) at the provincial scale, the financial services’spatial pattern was "T"-shaped distribution, the longitudinal axis is the coastal belt, the horizontal axis was along the Yangtze River with the longitudinal axis of the level of development was significantly higher than the horizontal axis. The finance development level of Beijing, Shanghai and Guangdong was the highest. The development level of Banking showed a "Central Downfall" spatial pattern. The insurance industry showed a pattern of type "A", two major axis one of which was along the "Hu Huanyong line", another was near the coastal zone. The short axis was along the Yangtze River. The places in which the development level of the securities at and above the medium level were just as follows:Beijing, Shanghai, Guangdong, Zhejiang and Jiangsu province.(2) At the prefecture level scale, the developed and less developed financial center mostly distributed in the eastern zone, the central zone followed, and the western zone least. The financial services and its internal sectors banking, insurance and securities were all showed a cluster distribution. The number of developed and the less developed centers of banking and insurance was large, and that of the securities was small. The securities centers highly concentrated in Shanghai, Beijing, Shenzhen, Guangzhou, Hangzhou and Chengdu. In addition, the higher the level of city size, the higher the level of development of the financial sector. The giant city’s financial industry and its internal banking, insurance, securities industry’s level of development was significantly higher than that of other scale cities. The exception were the mega-cities of the western region in which the development levels of financial services and its internal sector banking, insurance, securities were lower than those of the western giant cities.Using regression analysis, Chapter6explored the factors affecting the spatial pattern of financial development. The results showed that the proportion of the secondary and tertiary industries, the level of urbanization, the level of government intervention, the ownership structure were the main factors affecting China’s financial development. Chapter7presented the main research conclusions and shortcomings.