| Financial agglomeration is a widespread phenomenon in the process of industrial development which has become the focus of attention in the world today. In the process of regional financial, the finance plays a role of medium, guidance and adjustment, and financial resources flow freely in the region and configuration of financial resources can promote the development of regional financial agglomeration.However,the industrial development of regional financial imbalance has created a significant negative impact on the overall development of the regional financial industry.In the process of economic globalization and regional economic integration, since "Pan-Pearl River Delta(PPRD)" economic circle has set up, with the advantage of its large scale which makes its economy and finance in the prominent position in China. Meanwhile, the Pan-Pearl River Delta region is a span which has involve China’s eastern, central and western regions, the regional imbalance of the financial industry in the Pan-Pearl River Delta region is very obvious.In this paper, the research mainly divided into three parts:theoretical, empirical, and policy recommendations. Theoretical part, mainly through the review of relevant literature at home and abroad, sorts out the research thought of the financial agglomeration and financial agglomeration effect theory. Empirical part, firstly analyses the current situation of the PPRD’S regional financial agglomeration, builds financial agglomeration degree evaluation index system and measures the nine provinces of the PPRD, then on the basis of the above results, calculate the financial agglomeration polarization index, Make a comprehensive evaluation of the analysis of the nine Pan-PRD provinces financial agglomeration polarization and spread effects. Secondly uses impulse response function to analyze the financial agglomeration effect of the mutual influence, with emphasis on the analysis of Guangdong province whose financial agglomeration degree is the most high in the PPRD and spread effect plays a leading role in the PPRD,the paper explores the problems existing in the pan-pearl river delta regional financial development. Policy recommendations, combined with the empirical results, the paper puts forward to four recommendations,(1) Speed up the Pan-Pearl River Delta regional financial hinterland building of financial markets;(2) Improve the Pan-PRD regional financial spread effects played by the external environment.;(3) Central and western regions of the Pan-PRD should take the initiative to accept the spread to achieve financia leaps and bounds;(4) Construction of Pan-Pearl River Delta regional financial spread effects play three paths. |
