Research On The Formation And Development Of Financial Industrial Clusters Based On Self-organization Theory

As we all known that as one of the latest form of industrial organization, industry clusters play an inevitable role in promoting economic development. With the further advance of economic globalization, the financial institutions gather wide ly, its further evolution to the financial industry cluster with the combined and scale effect will increase competitiveness, and then make a profound impact on the economic strength of the country and the region. However, many local financial institutions are just emerging accumulation phenomenon; they have not showed the cluster effect.This paper attempt to make the research on the reason for the formation and evolution of the process of financial cluster which basis on self-organization theory and combined traditional industrial cluster theory. An important conclusion is that the success of the financial industry cluster is largely due to the self-organizing properties in the formation and development process. For the self-organization of the financial industry clusters, this paper from the "three vertical and three horizontal" to analyze. Three vertical analyze is from the three stages financial cluster experienced: financial cluster self-organizing creation stage, self-organization gathering stage and evolution stage. Three cross analyze is that cluster formation and development of financial required of three conditions: open conditions, far from equilibrium conditions, resulting in nonlinear conditions mutations occurred. In the method, this paper analyzes the status quo of China’s financial empirical cluster development, a nd the use of London’s financial industry cluster of successful cases was analyzed. When analyzing the current situation of C hina’s financial industry gathering, we found that as whole the financial industry of China develops rapidly, and it becomes a strategic support to promote the economic growth of the industry gradually. But regional financial industry develops unbalanced. Some palaces even just appear the phenomenon of accumulations of financial institutions, which did not show the cluster effect. On this basis, the paper according to the stage of financial services cluster, proposed some measures: Seize the opportunity to adapt to the international environment and expand market openness, Coordination of the various industries within the financial services industry cluster, in order to maintain a competitive and cooperative coexistence, Pursuit of innovative financial products and services, and enhance industrial competitiveness.