| From the beginning of the1970s, with the rapid development of economicintegration and the growing of financial resources flow rate, the link betweenfinancial institutions has become more and more close. Financial agglomeration isbecoming increasingly obvious, and exhibits regional characteristics. In the processof economic development, the dominant position of finance is increasinglyunshakable. Now, the financial agglomeration has become an important form ofmodern financial industry organization development.Shanghai is not only financial center in china, but also is being continued tobuild international financial centers in the future. There are an excellent location,well-developed and convenient transportation and abundant financial resources inShanghai. The formation and development of financial agglomeration in Shanghai isnot only beneficial to itself and the surrounding region’s economic development byleaps and bounds, and will help to improve the financial center of Shanghai.Shanghai FTA is China’s the first free trade test area, which is a testing ground forChina’s financial reform. Shanghai FTA formally established in September2013,after more than a year of reform and development, the FTA has made a series ofachievements in terms of financial reform. It not only attracted a large number offinancial institutions in FTA and formed financial agglomeration in free trade zone,but also the financial agglomeration effects has begun to appear. Study on thefinancial agglomeration effect in Shanghai FTA, which is of vital importance forShanghai and China’s financial development.In this paper, the theory of financial agglomeration in FTA studied firstly, theformation mechanism of the FTA and the financial agglomeration effect are interpreted based on the concept of free trade zone and financial agglomeration,providing theoretical basis for future discussion. Then through the analysis ofcharacteristics of the financial agglomeration development of New York Port FTA inUnited States, Hongkong free trade port and Singapore Free Trade Area, summingup the experience about precipitating the formation in Shanghai FTA provides areference for the exerting of Shanghai FTA financial agglomeration effect. And thenit described the present situation of financial agglomeration in Shanghai FTA，at thesame time analyzed advantageous conditions of financial agglomeration in ShanghaiFTA, summarized effect and restraining factor of financial agglomeration inShanghai FTA. |
