Financial Agglomeration Theory: An Analysis of the Theory and Practice of Financial Center Formation

Author: Huang Jieyu Yang Zaibin
Publisher:
Publish Date: 2006-01-01
Features: Finance is the core of the modern economy, and financial centers are the hubs of financial activities, playing a crucial role in the financial system. So, where should China have a financial center? What kind of financial center aligns with the optimal allocation of China's financial resources? Where is the best location to establish a financial center? What objective criteria should be used in the competition to establish financial centers among Beijing, Tianjin, Shanghai, and Shenzhen? What is the historical and realistic process of the formation of financial centers? How can the natural agglomeration process and the government-driven process of financial center formation complement each other? How do the agglomeration and diffusion effects of financial centers play out? What are the practical lessons from the formation processes of foreign financial centers for the formation of China's financial centers? What steps should China's financial center development strategy take? This book breaks away from the traditional mindset and research patterns of discussing finance in isolation from finance and economics in isolation from economics. Based on the laws of financial development, it studies the phenomenon of financial agglomeration from the perspectives of financial geography and spatial economics.