The Research Of The Evolution Mechanism Of The Financial Industrial Clusters

Industrial cluster is one of the important trend of modern industrial organization,playing a leading role to the development of local economy.In moderneconomy,financial institutions are generally agglomerated,the further evolution wilbecome the financial industry cluster which is a backbone to enhance thecompetitiveness of national and regional economy.The financial industry clusterdeeply influence the development of the local economy,through the use of itsagglomeration effect and scale effect.Now Qingdao is still in the construction ofregional financial center, so the research of the evolution mechanism of financialindustry cluster will help to understand the problems and difficulties in theconstruction of regional financial center,to supply the scientific decision for theimplementation of the strategic objectives of Qingdao,s financial industrial cluster.Atthe same time it can provides valuable reference to our country,s construction offinancial industry cluster.This paper is on the basis of the traditional industry cluster theory,to apply thethought and theoretical achievements of industrial cluster to the field of financialservices industry. Using the perspective of industrial cluster evolution mechanism tostudy the construction of financial industry cluster,and applied to Qingdao in theconstruction of financial industry cluster,make up the lack of theory in the field offinancial industrial cluster evolution research.The integration of the domestic andforeign relevant research about the financial industry cluster,the use of the method oftheoretical analysis,the graphics statistical research and summarized,throughcombing the relevant theories of industry cluster and related concepts of financialindustry cluster,sorting out the form of the reason of financial industry.Applying self-organization theory model and the life cycle theory of the evolution of industrycluster to explore the evolution of financial industry cluster.Using for reference of theexperience of the London’s financial industry cluster development.Through the studyof the current situation and agglomeration degree of our country financial industrycluster,find out the measures to promote the construction of our country financialindustry cluster.To judge the Qingdao banking industry,s development situation andevolution stage.To find the measures and suggestions in the construction of Qingdaofinancial industrial cluster.This article is divided into five parts, the first part narrates the background andsignificance of research.Finishing in the existing literature on research of theevolution of the financial industrial cluster,mainly concentrated in the resean of theformation of the financial industrial cluster,the development of the cluster, the clustereffect and the financial crisis impact on the financial industry cluster.The second partintroduces three concepts about the financial industry,the financial industry clusterand the evolution of the financial industry cluster,on the basis of this,analyzes thereason of financial industry cluster formation and apply the self-organization theoryand life cycle theory of industry cluster to the evolution of financial industry cluster.The third part draw lessons from the classic case of foreign financial industry cluster.The case is London’s financial industry cluster. Analyze the experience of foundation,the present development situation and experience,in order to provide reference to theconstruction of financial industry cluster in China.The fourth part evaluate the statusand evolution stage of the development of financial industry cluster in China,throughthe analysis of the data points out the continuous expansion of China’s financialindustry as a whole,using FIR to calculate the agglomeration degree of financialindustry cluster in our country.It is concluded that the agglomeration degree ofChina’s financial industry enhances unceasingly,and puts forward to strategy topromote the evolution of China’s financial industry cluster. The fifth part is studiedthe evolution of the banking industry development of Qingdao in the empiricalanalysis. First using two-dimensional identification method to quantitativelydetermine the evolution stages of Qingdao banking,Then the concentration degree is calculated of Qingdao banking and the effect analysis of the economic of theagglomeration degree. Finally it is concluded that the countermeasures andSuggestions to the development of the banking in the construction of financialindustrial clusters in Qingdao:using effective forms contribute to the formation offinancial industry cluster;Setting up the platform of industrialagglomeration;Improving the matching rate of the financial industry,strengthening thecoordination of the development of the cluster.