Research On The Financial Agglomeration Of Hefei And Its Impact On Industry Structure Upgrading

Along with the development of the economy,the financial industry has become an important industry in each country or region,and various industrial economic integration,economic financialization and financial advancement of the digital and the financial industry has been rapid development,the financial industry factors are cross-regional flow quickly,the development of financial markets and agglomeration's influence on the development of other industry also appears more and more important.With the development and radiation of real economy industry,industrial agglomeration has become the main trend in China's market economy.With the economic globalization and the rapid development of information technology,the financial industry as an important part of countries and regions of the third industry,financial industry,there is a lot of gathering and integration within the industry,thus forming a number of regional financial center.In addition,the agglomeration of financial industry also accelerates the agglomeration and development of other industries in the periphery,which partly reflects the importance of financial industry agglomeration and its impact will become more and more prominent.With Hefei City as the study case,this study using the method of principal component analysis and granger test,studied the financial industry agglomeration status quo of Hefei in 2002-2016,and the financial industry agglomeration index,combines the condition of Hefei industry agglomeration index,analysis and research on the financial industry agglomeration and the relationship between the industrial convergence and the financial industry agglomeration.In Hefei,the study found that the financial industry agglomeration phenomenon obviously in 2002-2016,especially after 2014 the speed of converging is faster,but compared with the developed provincial capital economy still has larger ascension space.In addition,this study verified that the agglomeration of financial industry in Hefei has a certain role in promoting the integration of the industry,but the promotion effect of industrial integration on the integration of financial industry in Hefei is not obvious.Based on this,this paper presents a continue to build financial center in Hefei,perfecting the financial industry regulatory system,continue to promote financial innovation and government support the development of financial industry and other relevant policy recommendations.