Research On Financial Agglomeration And Radiation Effects Of Urban Groups In The Yangtze River Delta

Finance is the core of the modern economy.The development of the financial industry can effectively promote economic growth and social development in a country or region.Financial agglomeration is a product of industrial agglomeration development to a certain extent,and is a special form of industrial agglomeration.In order to reduce costs and improve efficiency,financial institutions will choose to focus on areas with better environmental and better conditions.Financial agglomeration has become a common phenomenon.With the continuous changes in the international situation and the acceleration of the process of economic globalization,especially since the outbreak of the financial crisis,China's economic status has been continuously improved,and the development of China's financial industry has also been extremely rapid,which has further increased the speed of China's financial agglomeration.When a large number of financial institutions gather together to share favorable conditions such as transportation,information and communication,it also attracts talents to a certain extent.Under the background of informationization,globalization and accelerated development of multinational enterprises,financial agglomeration has become an inevitable trend of modem economic development.Judging from the actual development of China,there are also imbalances in the level of economic development between different regions,which are closely related to financial agglomeration and financial radiation.Therefore,through the study of financial agglomeration effects and radiation effects,promoting financial agglomeration and amplifying radiation effects will help promote the coordinated development of regional economy and finance.The Yangtze River Delta urban agglomeration consists of 26 cities:Shanghai,Hangzhou,Ningbo,Jiaxing,Huzhou,Shaoxing,Jinhua,Zhoushan,Taizhou,Nanjing,Wuxi,Changzhou,Suzhou,Nantong,Yancheng,Yangzhou,Zhenjiang,Taizhou,Hefei.,Wuhu,Maanshan,Tongling,Anqing,Zhangzhou,Chizhou and Xuancheng.The Yangtze River Delta region is the region with the largest economic scale,the best quality of economic development and the most potential for development in China.Therefore,this paper takes the Yangtze River Delta urban agglomeration as the research object,and analyzes the financial agglomeration and its radiation effect.Starting from theoretical analysis,this paper first introduces the basic theory and formation mode of financial agglomeration effect and radiation effect,and analyzes the four stages from financial agglomeration to financial radiation evolution.Secondly,it introduces the common measurement methods of financial agglomeration effect and radiation effect.In the empirical analysis part,a total of 17 indicators were selected from the aspects of financial scale factor,financial basic factor,economic factor and environmental factor to construct the financial agglomeration evaluation index system of the Yangtze River Delta urban agglomeration,using the factor analysis method for the Yangtze River Delta city.The financial agglomeration levels of 26 cities were comprehensively evaluated and ranked.The Wilson model and gravity model of the cities with positive scores were selected to calculate their radiation radius and radiation intensity respectively,which realized the rationalization of financial agglomeration effect and radiation effect,and combined with long The actual situation of the triangular urban agglomeration is compared and analyzed;the empirical results show that the financial development level of the Yangtze River Delta urban agglomeration is in a leading position in the country,but the level of financial agglomeration among cities is uneven,and the cities with higher financial agglomeration levels are Play on the surrounding areas When used,the radiation area between these major cities will cross and overlap.Finally,based on the results of empirical analysis,the paper will summarize and summarize the corresponding themes and suggestions according to the actual situation,in order to promote the financial agglomeration effect and radiation effect of the Yangtze River Delta urban agglomeration.The effective implementation of the Yangtze River Delta region provides guidance and application reference.