Study On Relationship Between Financial Industrial Agglomeration And Urbanization

For the past 30 years after opening- up and reform, China has made huge progress in urbanization. The urbanization rate rose from 17.92% in 1978 to 53.7% in 2014. However, some issues in the urbanization progress cannot be ignored, such as the development of urbanization is regionally uneven, urbanization fails to be supported by long-term planning and so on. So the reports to the Seventh and Eighteenth National Congress of the CPC all emphasize the strategic target of building new urbanization. That is to say, promoting a new urbanization path with Chinese characteristics which is “people-oriented, four modernizations synchronous development, optimize layout, ecological civilization, culture inheritance” will become the major impetus of China’s future modernization construction. In respect that finance is the core of modern economics, and related to urbanization closely. Therefore, studying the relationship between financial industrial agglomeration and urbanization has a certain theoretical value and practical significance for pushing the regional development.This paper based on the relationship between financial industrial agglomeration and urbanization. Firstly, we review the relevant domestic and foreign literatures to know the theoretical system and research production of financial industrial agglomeration and urbanization. Secondly, two index systems of the financial industrial agglomeration and urbanization are multi-perspective constructed on the basis of the existing study, and use PLS path model to calculating the financial industrial agglomeration level and urbanization level of 25 cities in Jiangsu, Zhejiang and Shanghai. Then, the coupling coordination degree of the two systems is analyzed by coupling model which is from physics both theoretically and empirically. The spatial- temporal differentiation of coupling coordination degree is further described by the Arc GIS spatial analysis. Finally, the paper summarizes urbanization’s development model based on well-developed private finance(represented by Wenzhou), and urbanization’s development model with the opportunity to build an international financial center(represented by Shanghai), and the corresponding measures and suggestions are also put forward at last. The results indicate that:(1)The indexes about social life and economic scale have huge boost for the development of financial industrial and urbanization. It shows that the development in China still stay at the blind expansive stage.(2)The financial industrial agglomeration level and urbanization level of 25 cities in Jiangsu, Zhejiang and Shanghai increased year by year while the spatial difference is smaller and smaller. Now, there has been formed a high level urbanization development zone which take Shanghai, Suzhou, Wuxi, C hangzhou, Nanjing strip-shaped area as its core, and take Hangzhou, N ingbo as two wings. And there has been formed a financial industrial agglomeration zone which take Shanghai and Hangzhou as two core, and tak e surrounding cities as radiation district.(3)The coupling coordination degree increased year by year and the spatial distribution is plate structure. There has been formed a Z-shaped coupling coordination-zone which taking Shanghai and Hangzhou as the center, taking Nanjing, Wuxi, C hangzhou, Suzhou, Jiaxing, Jinhua, Shaoxing, N ingbo, Zhoushan as radiating surface.(4)Wenzhou development model can be summarized as a benign interaction pattern which supported by private finance, based on private enterprises, relied by small-town. Shanghai development model can be summarized as a interacting development pattern with the opportunity to build an international financial center and based on the international metropolis to promote deep urbanization.