Shanghai Financial Service Function Space Agglomeration And Its Evolution Research

The financial service industry plays a vital role in maintaining the balanced development of the industrial structure of the national economy and the stability of the financial system.The financial service industry within the city is one of the modern service industries with the fastest growing productivity and high use density of modern technology.Geographic factors profoundly affect the spatial structure of financial services.Due to the different regional resource endowments,financial institutions and their related service industries have concentrated characteristics in spatial movement and development in areas with advantageous resources and conditions,usually in the form of financial agglomerations that continue to promote the development of the local economy and other industries in the financial agglomeration area through the multiplier effect.As a result,this mutually reinforcing relationship makes the regional economy more and more prosperous.The financial service industry has been urged to “restructure for profit” by the profit-oriented financial service institutions.In order to maximize self-interests,financial service industry often retreats from poorer areas to more affluent areas at the expense of economically weaker customer groups,or pays more attention to areas with stronger economic strength when selecting new sites.The development of the financial industry in Shanghai leads the whole country.The growth rate of the gross value of financial production in recent years has been constantly increased.It serves as an endogenous variable and a core element of Shanghai’s economic development.As a modern metropolis with a highly developed economy,there are numerous cases of urban financial services gathering and renewing.On the one hand,foreign and domestic financial resources are constantly gathered in Shanghai;on the other hand,the agglomeration,reorganization and renewal of the financial functional space keeps arising in Shanghai with a very complicated feature,which manifested as the evolution of the dominance of the financial industry,the location of clusters,the degree and scale of agglomeration.To clarify the spatial structure,development status,and possible future development direction of urban financial functions is of great significance to optimize the financial spatial structure,enhance competitiveness as well as to build an international financial center.Through on-the-spot surveys,this thesis has in-depthly unearthed statistical yearbooks and data content provided by financial supervisory agencies.Through the collection,processing,and analysis of data content,this study focuses on the status quo of Shanghai’s financial industry,functional space agglomeration pattern,hierarchical characteristics,the evolution process and influencing factors of the spatial agglomeration structure,and then abstracts general laws.The full text is divided into six chapters: The first chapter is introduction of this thesis,systematically expounds the research background,theoretical and practical significance,research content,goals and direction etc.;Chapter Two mainly talks about the current research status of the development at home and abroad,analyzes and sorts out current research hotspots,knowledge bases,and major research directions in this field with the help of Citespace,a literature measurement software,and then makes an intensive analysis and conclusion of the current domestic and foreign research progress in this field,including including research frontiers,research methods,research hotspots and future tendency;The former and latter part of the third chapter reviews and sorts out the development process and status quo of Shanghai’s financial industry respectively.It is believed that the financial industry in Shanghai is presenting a trend of rapid development.The financial industry has a higher entropy and it has a strong comparative advantage.In addition,the internal development of Shanghai’s financial industry is imbalanced,mainly in the banking sector,and Chinese-funded institutions account for a relatively high proportion,and the speed of development is higher than that of foreign-funded financial institutions;Chapter IV first constructs an assessment model for financial activity,and then the spatial agglomeration,hierarchical characteristics,hotspot regions,and influencing factors of Shanghai’s urban financial functions are analyzed in detail by dividing different spatial types and financial institution types according to city level,street level,city center periphery area.The study identified 16 major financial agglomeration areas in Shanghai,and the multi-center structure was very obvious.By classifying the agglomeration areas,the internal composition types,service subjects,and main functions were identified.Most of these agglomerations are located in the central urban area.Thanks to the advantageous location conditions and infrastructure,the agglomeration area has a high internal density level and completed functional types.It has obvious radiation effects on the surrounding areas.The fifth chapter divides the spatial distribution data of Shanghai’s financial space during the three periods of 2006,2011 and 2016,and analyzes the spatial evolution process of Shanghai’s financial service function agglomeration structure,and summarizes the general laws of its evolution.The sixth chapter is the conclusion of the article,summarizes the research results and points out the limitations of the research.