Analysis on the Change of the Spatial Pattern of Financial Service Industry in Guangzhou during the Transition Period

Expand
  • 1. School of Geographical Sciences, Guangzhou University, Guangzhou 510006, China;
    2. Guangzhou Development Institute, Guangzhou University, Guangzhou 510006, China;
    3. Centre for Urban & Regional Studies, Zhongshan University, Guangzhou 510275, China

Received date: 2005-12-22

  Revised date: 2006-04-12

  Online published: 2006-08-25

Supported by

The National Science Fund for Distinguished Young Scholars, No.40125003; Project of Philosophy & Social Sciences of Guangzhou

Abstract

The institutional preconditions, behavior bases and the relationship between finance and urban space development have been emphasized when people pay more attention to the spatial dimension of urban finance during the progress of tertiarisation. The case studies on the change of spatial pattern of financial industry (SPFI) at the urban scale are scarce in China. Based on the second-hand data from 'the tertiary industry census'(1984), 'the basic units census'(1996, 2001), other socio-economic statistics and the first-hand data from field survey, this paper investigated the progress and causes of the change of SPFI during the transition period by using a set of combined methods, such as comparison, description and interpretation, both quantitatively and qualitatively. The results show that: (1) There are two co-existing processes of the movement of the financial service industry during the transition period, including concentrating in the central districts from periphery districts and spreading to the new districts from the central districts. The initial spatial pattern as 'highly concentrating in Yuexiu District' has transformed to the current pattern as 'multi-spot concentrating in the central districts'. The generation of financial service industry comparatively agglomerative spots showed a 'South to North, and West to East' spatio-temporal movement process. (2) The systematic transition of socio-economic institutions and the evolvement of financial regulations were the preconditions of the variation of spatial pattern of financial service industry. The behavior of financial institutions was the micro-behavior base. And the expansion of urban space was the spatial tensile force. The economic effect of urbanization agglomeration widened the differentiation in financial service industry in each administrative division. The construction of office buildings in turn in an agglomerative form attracted the financial institutions to cluster at certain spots. (3) Dissimilar to the conditions of the cities of the Western countries, the headquarters location centre of high order financial services did not exist in Guangzhou, neither obvious decline of CBD nor 'abandoned' urban space could be discerned during the research period in Guangzhou.

Cite this article

LIN Zhangping, YAN Xiaopei . Analysis on the Change of the Spatial Pattern of Financial Service Industry in Guangzhou during the Transition Period[J]. Acta Geographica Sinica, 2006 , 61(8) : 818 -828 . DOI: 10.11821/xb200608004

References


[1] Jiang Chun. On the substance and institutional presupposition of finance. Economic Research Journal, 1999, (7): 33-39.
[江春. 论金融的实质及制度前提. 经济研究, 1999, (7): 33-39.]

[2] Sumuelson P A, Nordhaus W D. Economics (Chinese Edition). Beijing: Posts & Telecom Press, 2001. 420.
[保罗·萨缪尔森, 威廉·诺德豪斯. 经济学 (中译本). 北京: 人民邮电出版社, 2001. 420. (肖琛主译)]

[3] Martin R. The new economic geography of money. In: Martin R (ed.). Money and the Space Economy. Chichester: John Wiley & Sons, 1999. 3-27.

[4] Cohen B J. The Geography of Money. London: Cornell University Press, 1998.

[5] Laulajainen R. Financial Geography (Chinese Edition). Beijing: The Commercial Press, 2001.
[瑞斯托·劳拉詹南. 金融地理学. 北京: 商务印书馆, 2001. (孟晓晨 等译)]

[6] O'Brien R. Global Financial Integration: The End of Geography. New York: Council on Foreign Affairs, 1992.

[7] Caskey J P. Bringing unbanked households into the banking system. Centre on Urban and Metropolitan Policy. The Brookings Institution, Washington, DC. 2002.

[8] Ford J, Rowlingson K. Low-income households and credit: exclusion, preference, and inclusion. Environment and Planning A, 1996, 28: 1345-1360.

[9] Leyshon A. Geographies of money and finance III. Progress in Human Geography. 1998, 22: 433-446.

[10] Kennickell A B et al. Recent changes in the US family finances: results from the survey of consumer finances. Federal Reserve Bulletin, 2000, 86: 1-9.

[11] Argent N. A global model or a scaled-down version?: geographies of convergence and divergence in the Australian retail banking sector. Geoforum, 2002, 33: 315-334.

[12] Leyshon A, Thrift N, Pratt J. Reading financial services: texts, consumers, and financial literacy. Environment and Planning D: Society and Space, 1998, 16: 29-55.

[13] Thrift N. On the social and cultural determinants of international financial centers: the case of the city of London. In: Corbridge S, Martin R, Thrift N (eds). Money, Power and Space. Oxford UK & Cambridge USA: Blackwell, 1994.

[14] Kindleberger C P. The World in Depression, 1929-1939. Harmondsworth: Penguin Books, 1973.

[15] Gill S, Law D. The Global Political Economy. Hemel Hempstead: Harvester Wheatsheaf, 1988.

[16] Underhill G R D. Introduction: conceptulising the changing global order. In: Stubbs R, Underhill G R D (eds.), Political Economy and the Changing Global Order. Basingstoke: Macmillan, 1994, 17-44.

[17] Arrighi G. The Long Twentieth Century. London: Verso, 1994.

[18] Cain P J, Hopkins A G. British Imperialism: Innovation and Expansion. London: Longman, 1993. 1668-1914.

[19] Cain P J, Hopkins A G. British Imperialism: Crisis and Deconstruction. London: Longman, 1993. 1914-1990.

[20] Harvey D. Social Justice and the City. London: Edward Arnold, 1973.

[21] Harvey D, Chaterjee L. Absolute rent and the restructuring of space by governmental and financial institutions. Antipode, 1973, 6: 22-36.

[22] Harvey D. The Limits to Capital. Oxford: Blackwell, 1982.

[23] Harvey D. The geopolitics of capitalism. In: Gregory D, Urry J (eds.), Social Relations and Spatial Structures. London: Macmillan, 1985. 128-163.

[24] Harvey D. The Condition of Postmodernity: An Enquiry into the Origins of Cultural Change. Oxford: Blackwell, 1989.

[25] Harvey D. The Urban Experience. Oxford: Blackwell, 1989.

[26] Illeris S. The Service Economy. Chichester: John Wiley & Sons, 1996.

[27] Leyshon A, Thrift N. Money/Space Geographies of Monetary Transformation. London & New York: Routledge, 1997.

[28] Leyshon A et al. Towards an ecology of retail financial services: understanding the persistence of door-to-door credit and insurance providers. Environment and Planning A, 2004, 36: 625-645.

[29] Parr J B, Budd L. Financial services and the urban system: an exploration. Urban Studies, 2000, 37(3): 593-610.

[30] Shearmur R, Alvergne C. Intrametropolitan patterns of high-order business service location: a comparative study of seventeen sectors in Ile-de-France. Urban Studies, 2002, 39(7): 1143-1163.

[31] Wernerheim C M, Sharpe C A. 'High order' producer services in metropolitan Canada: how footloose are they? Regional Studies, 2003, 37: 469-490.

[32] Coffey W J, Shearmur R G. Agglomeration and dispersion of high-order service employment in the Montreal metropolitan region, 1981-96. Urban Studies, 2002, 39(3): 359-378.

[33] Taylor P et al. Financial services clustering and its significance for London. http://lut.ac.uk/departments/gy/gawc/ publicat1.html. 2003.

[34] Thrift N. A phantom state? In: Leyshon A, Thrift N (eds.), Money/Space: Geographies of Monetary Transformation. London & New York: Routledge, 1997.

[35] Zhang Wenzhong. A study of metropolitan service industry location theory and substantiation. Geographical Research, 1999, 18(3): 273-281.
[张文忠. 大城市服务业区位理论及其实证研究. 地理研究, 1999, 18(3): 273-281.]

[36] Ning Yuemin. The study on location of the industrial service and the office building in Shanghai. City Planning Review, 2000, 24(8): 9-20.
[宁越敏. 上海市区生产服务业及办公楼区位研究. 城市规划, 2000, 24(8): 9-20.]

[37] Yan Xiaopei, Zhong Yun. Characteristics of external function of producer services of regional centers: case of Guangzhou, China. Scientia Geographica Sinica, 2005, 25(5): 537-543.
[闫小培, 钟韵. 区域中心城市生产性服务业的外向功能特征研究. 地理科学, 2005, 25(5): 537-543.]

[38] Wu Wei, Liu Weidong, Liu Yi. Progress in financial geography in Western Countries and its implications for Chinese geographers. Progress in Geography, 2005, 24(4): 19-27.
[武巍, 刘卫东, 刘毅. 西方金融地理学研究进展及其启示. 地理科学进展, 2005, 24(4): 19-27.]

[39] Jin Xuejun, Tian Lin. Financial geography: new developments of geography in foreign countries. Economic Geography, 2004, 24(6): 721-725.
[金雪军, 田霖. 金融地理学:国外地理学科研究新动向. 经济地理, 2004, 24(6): 721-725.]

[40] Tian Lin, Jin Xuejun. The analysis of security market potential from an angle of financial geography. World Regional Studies, 2004, 13(1): 102-108.
[田霖, 金雪军. 金融地理学视角下的证券市场投资潜力分析. 世界地理研究, 2004, 13(1): 102-108.]

[41] Chen Pinhsien. Progress in research on financial geography and financial center: the role of financial communities. World Regional Studies, 2004, 13(4): 1-8.
[陈品先. 金融地理与金融中心的研究进展: 从专业社群运作来看. 世界地理研究, 2004, 13(4): 1-8.]

[42] Zhao Xiaobin, Wang Tan, Zhang Jinxi. Information flow and asymmetric as key determinants for service and financial centre development: a case on socialist China. Economic Geography, 2002, 22(4): 408-414.
[赵晓斌, 王坦, 张晋熹. 信息流和“不对称信息”是金融与服务中心发展的决定因素: 中国案例. 经济地理, 2002, 22(4): 408-414.]

[43] Yan Xiaopei, Yao Yimin. Analysis on characteristics of development and spatial distribution of the tertiary sector in Guangzhou. Economic Geography, 1997, 17(2): 41-48.
[闫小培, 姚一民. 广州第三产业发展变化及空间分布特征分析. 经济地理, 1997, 17(2): 41-48.]

[44] Yan Xiaopei, Zhou Chunshan, Leng Yong et al. Functional features and spatial structure of CBDs in Guangzhou. Acta Geographica Sinica, 2000, 55(4): 475-486.
[闫小培, 周春山, 冷勇 等. 广州CBD的功能特征与空间结构. 地理学报, 2000, 55(4): 475-486.]

[45] Wu Jiesi. The Research on the Behavior of the State-owned Bank in China. Beijing: China Finance Publishing House, 1996.
[武捷思. 中国国有商业银行行为研究. 北京: 中国金融出版社, 1996.]

[46] Zhou Suhong, Yan Xiaopei. The relationship between urban structure and traffic demand in Guangzhou. Acta Geographica Sinica, 2005, 60(1): 131-142.
[周素红, 闫小培. 广州城市空间结构与交通需求关系. 地理学报, 2005, 60(1): 131-142.]

[47] Li Hongwei. The Use and Management of Urban Land. Guangzhou: Guangdong People's Publishing House, 2002.
[李红卫. 城市土地使用与管理. 广州: 广东人民出版社, 2002.]

Outlines

/