The Empirical Analysis On The Contribution Of Financial Talents Congregation To The Development Of The Financial Industry In China

Forty years of the reform and opening up,China's financial industry has made great progress and the financial market system is also being perfected.With the domestic financial market and international market,the structure of the financial industry is constantly improving,the proportion of financial in the national economy is gradually rising,making the financial industry status more and more important.At present,China's economic is moving from high-speed growth to high-quality growth.Economic development,financial advance,finance talent is one of the keys to financial industry development.Financial industry competition is actually a competition in financial talent,financial talent congregation's strategic position has become one of the core elements of the rapid development of financial industry.At the same time,and the radiation effect formed by the financial talent congregation also provides the support and guarantee for the development of finance industry.Therefore,researching the contribution of financial talents congregation to the development of the financial industry in China has important realistic significance.This paper is based on the theory of human capital,economic growth and so on,based on analyzing the financial industry material capital,basic human capital and financial talent capital,this paper uses financial talent capital as the intermediate and follow the research road of thought : "financial talents congregation-financial talent capital – the development of financial industry –financial talent's contribution rate"("C-T-F-C"),using Schultz's level of education and expand the C-D production function,the relationship between financial talent congregation and the development of financial industry were mainly tested;and calculating the contribution rate of financial talent congregation to the development of financial industry.Finally,according to the research conclusion,some relevant suggestions of the financial talent congregation to the development of financial industry were put forward in this paper.The main research contents and conclusions are as follows:(1)Based on the theory of human capital and economic growth,analyze the role of human capital in the economy,and further analyze the relationship between financial talent congregation and the development of financial industry.(2)This paper is to collect the relevant data about financial industry from 1980 to 2016,analyzes the financial industry,financial professionals,financial talent development present situation,figure out the development of financial industry and the number of financial talent is showing a rising trend year by year.But compared with other industries,the fixed asset investment scale and the financial talent investment in the financial industry are relatively insufficient.(3)This paper focuses on the research goal of financial talent gathering effect,Based on the data of material capital,basic human capital and financial talents capital in the financial industry from 1980 to 2015,and using expand C-D production function,the relationship between financial talent congregation and the development of financial industry were mainly tested;and calculating the contribution rate of financial talent congregation to the development of financial industry.(4)The result shows that the investment of material capital,basic human capital and financial capital play significant roles in the development of the financial industry,among them,the elastic coefficient of financial talents capital is the highest and the contribution rate is 73.251%.(5)According to the above research,the following suggestions are put forward:the first is to give full play to the regional universities discipline advantage,pay attention to the local financial personnel training,expanding foreign compound financial channels for talent introduction,improve the construction of financial personnel training and the introduction of the mechanism.The second is to regulate the financial personnel evaluation system,to achieve the personnel-position-pay match establish,consistent with the characteristics of financial personnel performance assessment approach,to promote financial talents.The third is to improve the flow mechanism of financial professionals,improve the financial personnel living conditions provide a favorable environment for the development of financial talents.