Research On The Level Of Financial Agglomeration And Its Influencing Factors In Heilongjiang Province

Finance is the core of modern economic development.Financial agglomeration is the concentration of different levels and types of financial resources,such as financial institutions,financial products and financial talents,to a certain region,and continuously coordinate,configure and fuse with the conditions in the region,and financial industry grows and develops,thus forming the state of high-density and centralized distribution of various resources,such as financial institutions and financial talents in the region.With the rapid development of economy,financial globalization and information technology,the phenomenon of financial agglomeration has become more and more obvious,and has gradually become an important feature of the development of modern financial industry.The current practice of economic and financial development at home and abroad shows that financial agglomeration is not only conducive to the realization of capital convergence and savings-investment transformation,but also conducive to the realization of optimal allocation of resources and the acceleration of innovation and reform,and plays a very important role in leading the optimization of economic structure and promoting the development of national economy.As financial agglomeration plays an important role in boosting economic development,more and more provinces,cities,and regions in China have begun to pay attention to the development of the financial industry and the financial effects of financial agglomeration,and they have proposed the construction of a nationwide financial center,a regional financial center,a provincial financial center,and local orientation of financial nodes,and take effective measures to compete for and attract foreign financial resources in place.Under this background,studying the level of financial agglomeration and its influencing factors in Heilongjiang Province has an important practical significance for promoting the financial agglomeration of Heilongjiang Province and improving the overall financial competitiveness of Heilongjiang Province.While systematically reviewing the research dynamics of financial agglomeration at home and abroad,this article first elaborates relevant concepts of financial agglomeration and related theories of financial agglomeration such as industrial agglomeration theory,financial development theory,and financial geography theory.Secondly,based on previous research results,a comprehensive indicator system for measuring the level of financial agglomeration is constructed,and through the comprehensive evaluation method,the level of financial agglomeration in all provinces(including Shenzhen)and cities in Heilongjiang Province has been obtained,and in comparative analysis,the current level of financial agglomeration in Heilongjiang Province is grasped.The results show that the level of financial agglomeration in Heilongjiang Province is relatively low,and there is a large gap both in comparison with Beijing,which has the highest degree of financial agglomeration in country,and with Liaoning,which has the highest degree of financial agglomeration in the northeast,and from the perspective of the province,regional differences in financial agglomeration level in Heilongjiang Province are obvious.The southern developed region is a region with higher level of financial agglomeration in Heilongjiang Province,of which Harbin has the highest level of financial agglomeration,and followed by the eastern and western regions,and the weakest region is the central,of which Yichun has the lowest level of financial agglomeration.Then,based on the analysis of the current situation,this paper analyzes the factors affecting the financial agglomeration level in Heilongjiang province.The results show that economic foundation and information level are the key factors to promote financial agglomeration level in Heilongjiang province,followed by the role of the government,adjustment of industrial structure,and degree of openness to the outside world,and there is no significant impact on financial agglomeration level in Heilongjiang Province in terms of infrastructure and human capital levels.Finally,based on the influencing factors of financial agglomeration level in Heilongjiang Province,this paper puts forward the rationalized countermeasures and suggestions for promoting the level of financial aggregation in Heilongjiang Province.