Research On The Financial Cluster

From 1970's, more and more financial institutions began to use coordinated manners among enterprises to organize transactions and production activities. From the cluster of a handful of banks at beginning to various types of financial institutions' spatial agglomeration and outsourcing of businesses now, clusters has become the basic forms of modern financial industrial organizations. Large number of banks, insurance companies, securities companies cluster to offer financial services, commonly using the infrastructures such as information, communications, traffics, and so on, and the training of financial talents are clustering as well. On the macro background of globalizing, and on the multinational corporations' developments, financial cluster has become the inevitable result and real needs of modern economics' development.The main bodies of this paper is studied around the financial cluster, through absorbing the achievements of financial industry cluster, international financial centers' theory and regional financial theory, and making use of the path analysis of demand-following and supply-leading theory of financial institutional economics. Firstly, this paper analyzes the connotation of financial cluster, the characters of financial cluster, formation causes and the promoting roles on economy. After expatiating the phenomena of financial cluster at home and abroad, this paper analyzes the two forming models of financial cluster, which are the natural formed pattern and the government promoting pattern. From the compares of these two models, this paper gets the result that financial cluster needs good financial conditions, strong economic foundation and the stable policy environment. In the end, I expatiate the support policies of financial cluster of our country, and analyze the advantages, constraints, and some strategies of construction of international financial center of Shanghai.