Research On The Determinants Of Agglomeration Of Internet Financial Industry In Hangzhou

Financial services take advantage of information technology to form a new industry,that is Internet financial.Focusing on the current distribution of China's Internet financial industry pattern,the Internet financial industry in Hangzhou forms a higher level of development and more obvious gathering phenomenon.Compared to the traditional financial industry development level,Beijing and Shanghai both are the national financial center,Shenzhen and Guangzhou are the national financial sub-center,the level of financial gathering was significantly higher than Hangzhou and other cities.Therefore,through the study of Hangzhou Internet financial industry cluster formation factors and the action path,the differences and new features of agglomeration between Internet financial and the traditional financial can be analyzed.First of all,based on the theory of new economic geography and the Internet financial industry characteristics,the theoretical model of the Internet financial industry agglomeration can be built.And then making comparative analysis of Hangzhou in the nationwide distribution of the status of Internet financial agglomeration,in order to illustrate why choose Hangzhou as the Internet financial research object basis.Internet financial industry agglomeration index system is established,using the principal component analysis to compare the 15 cities' Internet financial agglomeration level.In conclusion,Hangzhou is in the first level of Internet financial agglomeration,and then use the method of GIS spatial analysis to show the spatial distribution of Internet financial spatial distribution pattern.Once again through the location of the entropy measure of Hangzhou Internet financial industry agglomeration level,come to Hangzhou to form the Internet financial industry agglomeration conclusion.Finally,based on the above theoretical model,the location entropy is used as the explanatory variable,and the factors influencing the concentration of Internet financial industry are explored by means of regression analysis of technological innovation,private economy support,Internet industry development level and government support index.The results show that the level of Internet industry in Hangzhou is closely related to technological innovation,private economic support,Internet industry development level and government support.Among them,the development level of Internet industry has the most significant influence.Based on the industrial association effect,the Internet industry has changed from technology,Platform for the Internet financial industry to provide support.Technological innovation forms economies of scale and attracts external resources to generate agglomeration.Private economic support for industrial agglomeration to provide market demand.However,the impact of technological innovation and private economic support on the Internet financial industry agglomeration is not significant.Therefore,the government should increase the investment in the Internet financial industry,improve the level of technological innovation,expand the spillover effect of leading enterprises,strengthen the construction of science and technology service system,Environment,gathering talent,diversified development to enhance the effect of knowledge spillovers,to meet the needs of private economic development and improve the risk system to strengthen the support of private economy.