Financial Industrial Agglomeration And Financial Center Construction

Since the reform and opening up, China has built and improved the Chinese characteristic socialist market economy system, the distribution of economic resources follow the market supply-demand relationship, the flow in the area is gradually dispensing from the administrative region restrictions. Under this background, financial resources flow range greatly expand, a large number of financial talent, financial institutions focus on some cities. The modern market economy has proved that the financial industry cluster can strengthen inter-agency collaboration, sharing infrastructure, optimize the allocation of resources, bringing the huge positive externalities for regional economic.Having the whole world in view, New York, London, Tokyo has become a mature international financial center, formed a financial structure, which promote the development of regional economy. In China, financial aggregation phenomenon is not strange. After1992, the CPC Congress proposed to build Shanghai into an international financial center, a few city include of Beijing, Shenzhen, Guangzhou, Chongqing, Tianjin, Wuhan, Chengdu, to put forward the construction of regional economic central idea. After years of efforts, the city has formed a certain cluster size, and pushing economic development of surrounding areas. Specific to the west, the fight for "western financial center" intensified, local governments do everything in their power to improve the financial industry.With more focus to the financial agglomeration phenomenon, a variety of subject system of scholars, using a variety of empirical method to study the phenomenon and the essence, has already formed a complete system. This article first clarify domestic and foreign financial agglomeration relevant literature, summarizes the points of financial agglomeration, are analyzed and the views of scholars. On the basis of the former study further to improve the theory framework of financial agglomeration, from financial agglomeration definition, characteristics, motive, formation conditions, and financial center, relationship between economic growth and the action mechanism of each aspects. And through elements of the financial cluster analysis, constructs a comprehensive evaluation index system of financial agglomeration, by higher order factor analysis of structural equation model the level of financial agglomeration, and did evaluation for a few city of our country. Then this paper measures the level of financial agglomeration of Chongqing, Chengdu, combined with the specific performance of two cities, then did comparative analysis of which city is more possibly to become "western financial center ". Considering the financial agglomeration measure results and two city’s financial strength, this paper draws the conclusion:Chengdu is more likely to become the western financial center. At last the author thinks that the development strategy of differentiation, forming the benign interaction "Chengdu-Chongqing model" is the mutually beneficial and win-win success, and provides policy suggestions combined with the current development trend of Chengdu and Chongqing.