Research On Working Elements Of Financial Industry Cluster In Shanghai

The agglomeration level of financial industry fundamentally embodies the core competence of the central cities. The cluster has become the basic form of modern financial service industry. The key of improving financial service core competence in Yangtze River Delta lies in how to foster the financial service cluster elements. Therefore, the paper analyzes the financial cluster and its influencing elements. It identifies the leading influencing elements which influence the degree of industrial agglomeration based on research dates.First, the paper analyzes reasons and influencing elements of the financial cluster based on comparative advantage and evolution theory. Second, the paper analyzes the current situation of the financial cluster in Shanghai. Then based on research dates and research papers, it identifies the leading influencing elements and conducts a deep analysis of elements of financial cluster in Shanghai, such as financial industry development, government management, FDI, human resource, infrastructure and so on.Third, two regression models of working elements are set up with Location quotient measuring the degree of industrial agglomeration. Through testing and shifting variables with dates, it sets up the model finally and finds out the working elements, such as economies of scale, financial industry development, FDI, human resource. Then it can acquire the prediction model. In the end, it gives some suggestions for Shanghai and helps government design police for the central cities.