Acta Geographica Sinica ›› 2013, Vol. 68 ›› Issue (2): 186-198.doi: 10.11821/xb201302004

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The financial services industry development level and spatial pattern of urban agglomeration in China

LIU Hui, SHEN Yuming, LIU Kun   

  1. College of Resources Environment and Tourism, Capital Normal University, Beijing 100048, China
  • Received:2012-05-09 Revised:2012-10-13 Online:2013-02-20 Published:2013-02-20
  • Supported by:

    National Natural Science Foundation of China, No.40871069

Abstract: Urban agglomerations construction has become increasingly important in the national economy. Under the background of how to meet the needs of the city's industrial development and infrastructure construction funds, and how to optimize the rational allocation of financial resources between the urban agglomerations, it is important to get a clear understanding of the development level of the financial services. By the use of the index system as the financial interrelations ratio, the financial development efficiency, insurance density and insurance depth, the paper conducts studies on the spatial disparity and pattern of the financial services industry development level in 23 urban agglomerations. Some conclusions can be drawn as follows. (1) The financial services industry comprehensive development levels are different. The highest level is seen in the urban agglomerations of the Yangtze River Delta, Capital Metropolitan Circle, and Pearl River Delta. (2) The financial services industry development level mismatches the growth level of the urban agglomerations. For the financial services industry comprehensive development level, the factors of the financial development efficiency and insurance density have more influence than the factors of the practitioners in financial services industry and savings of urban and rural residents. In addition, the regional industrial structure, especially the industrial structure of the listed companies (tradable products) has a close correlation with the financial services industry development level. (3) There are great differences between the banking, insurance and securities services industry. In the 23 urban agglomerations, there is at least 50% of financial resource in urban agglomerations of the Yangtze River Delta, Capital Metropolitan Circle and Pearl River Delta, which has much influence on the financial development of China.

Key words: China, financial services industry, spatial pattern, urban agglomeration