The Research On The Influence Of Financial Agglomeration On The Capital Allocation Efficiency Of The Real Economy

China's economy has experienced grown rapidly for many years,the development of the real economy has been a "weak" phenomenon--economic growth"from the real to virtual",the low efficiency of capital allocation and other issues.Finance is not only the object of capital allocation,but also the carrier of capital allocation.It is necessary to solve the problems in the process of the development of the real economy.In recent years,to promote economic growth,local governments begins to plan the strategy of the financial gathering area and seize financial resources.Finance has instrumental attributes.and service nature,and it decides the important role of finance in the real economic development,so the financial agglomeration will maximize the financial function,financial agglomeration will have a profound impact on the economic capital allocation efficiency of the real.Therefore,it is great significance to study the relationship between financial agglomeration and the capital allocation efficiency of the real economy.The quantitative analysis and qualitative analysis,theoretical analysis and empirical analysis are used to analyze the way and mechanism of financial agglomeration affecting the efficiency of capital allocation.After summarizing the domestic and foreign financial agglomeration,the efficiency of capital allocation and Research on financial agglomeration effects on economic capital allocation efficiency entities on the basis of the interpretation of the connotation of financial agglomeration economics and economic capital allocation efficiency of the entity,the financial agglomeration influence the real economy capital allocation efficiency through the screening mechanism,matching mechanism and mechanism of radiation.On the basis of different provinces in China financial agglomeration and the real economy capital allocation efficiency were measured,and the mixed regression model to analyze the relationship between economic capital allocation efficiency of solid financial agglomeration based on the results of financial agglomeration have obvious effect on promoting the efficiency of capital allocation and economic entities,using the system GMM model to test stability of the model estimation results.Finally,combining the theoretical and empirical analysis,the countermeasures and suggestions to improve the economic efficiency of capital allocation in China are creating a reasonable location of financial agglomeration,financing the financial agglomeration by using marketization,and promoting capital for the real economy's health.