The Study Of Finance Aggregation And Its Impact On Central Plains Economic Zone’s Economic Growth

In2011the State Council promulgated the "Guiding Opinions on support to acceleratethe construction of Henan Zhongyuan Economic Zone", clearly states that "to accelerate thecore functions of financial agglomeration Zhengdong New District building, support to carryout a comprehensive reform of Zhengzhou services", emphasized the financial agglomerationfor the Central Plains Economic Zone, and played a major role in economic development.Financial agglomeration can only promote the Central Plains Economic Zone main urbaneconomic growth, but also by such capital transfers, technology diffusion and other ways tostimulate economic growth surrounding area. Development of the Central Plains EconomicZone, the need for a stronger regional cohesion and radiation financial network support, andHenan, as well as have a wealth of regional advantages principal city of Central ChinaEconomic Zone, has developed a leading manufacturing and logistics levels, accelerate HenanFinance cluster development is imperative."Eleventh Five-Year" plan after completion of Henan Province, banking, securities,futures, insurance and other industries go hand in hand, the capital market and money marketdevelopments, fully functional, running sound. But the reality is concerned, the level offinancial development in Henan is still low. Although the financial gathering trend is obvious,but still difficult to adapt to the reality of the Central Plains Economic Zone developmentneeds. Therefore, we should actively seek the path to financial agglomeration effects drivenby the Central Plains Economic Zone, thereby enhancing financial concentration and radiation,and strive for new goals to achieve even the Central Plains Economic Zone in Henan’seconomic constructionOn the basis of the results of relevant domestic and foreign scholars, this paper firstfinancial agglomeration connotation, characteristics, causes, conditions, financialagglomeration effects, and gives an overview of the theory and so on, to understand the basiccontent of financial agglomeration. Followed by agglomeration effects of the financialmechanism of the Central Plains Economic Zone Economic Growth, by reducing cost, riskcontrol, and industrial organizations to optimize three angles, gather to learn more aboutways to finance the construction of the Central Plains Economic Zone to play a role. Onceagain, the status of the Central Plains Economic Zone analyze financial agglomeration, inHenan Province, the use of factor analysis to study the level of financial agglomeration ofHenan Province, and the financial ability to gather radiation Henan empirical analysis. Finally,based on a combination of theoretical and empirical conclusions and the specificcircumstances of the Central Plains Economic Zone, the Central Plains Economic Zoneproposed to accelerate the path to financial agglomeration and promote economicdevelopment of the Central Plains Economic Zone suggestions.