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The Empirical Analysis of Financial Agglomeration in Guangdong, Hong Kong and Macao

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DOI: 10.25236/icepbm.2018.51

Author(s)

Jiantao Jiang

Corresponding Author

Jiantao Jiang

Abstract

With the rapid development of the global financial industry and the rise of regional financial centers in emerging market countries, the problem of financial agglomeration has become one of the focuses of economics, sociology and geography. In recent years, the research on industrial agglomeration in manufacturing industry is relatively mature, and the research on financial agglomeration is still relatively lacking. Industrial agglomeration theory can provide theoretical support for the construction of financial agglomeration and financial center. The Greater Pearl River Delta Region is one of the most developed economic circles in China. Under the background of stable economic growth, how to promote the financial agglomeration in the Greater PRD and enhance the competitiveness of the financial industry is a major issue in the financial development.

Keywords

Financial Agglomeration, Guangdong, Hongkong and Macao, Empirical Analysis.