Financial Agglomeration Theory (Analysis of the Theory and Practice of Financial Center Formation)

Author: Huang Jieyu, Yang Zaibin
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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 to resolve the competition among Beijing, Tianjin, Shanghai, and Shenzhen to establish financial centers? What is the historical and realistic process of the formation of financial centers? How can the natural agglomeration process and government-driven process of financial center formation complement each other? How do financial centers leverage their agglomeration and diffusion effects? What are the practical lessons from the formation processes of foreign financial centers for the development of China's financial centers? What steps should China's financial center development strategy take? This book breaks the traditional mindset and research patterns of discussing finance in isolation from finance and economy in isolation from economy. Based on the inherent laws of financial development, it studies the phenomenon of financial agglomeration from the perspectives of financial geography and spatial economics.