Author(s)

Yingyi Fu

Corresponding Author

Yingyi Fu

ABSTRACT

Financial agglomeration plays an important role in promoting economic growth. This paper constructs the evaluation system of financial agglomeration by using comprehensive indicators, evaluates the level of financial agglomeration in 30 provinces and cities of China by using factor analysis method, and expounds the relationship among them. This paper evaluates the degree of financial agglomeration in China's provinces and cities by factor analysis method. The results show that there are some financial agglomeration conditions in the Yangtze River Delta, Pearl River Delta and Bohai Rim region. Beijing, Guangdong and Shanghai are the regions with the highest degree of financial agglomeration and are the financial centers of a region. The development level of China's financial agglomeration is not balanced, the overall trend is decreasing from east to west, and there are differences among several financial agglomeration areas.

KEYWORDS

Factor analysis, Financial agglomeration, Regional economic growth