Research on Spatial Co-Agglomeration Between Financial Services Industry and Manufacturing in Zhejiang Province

Abstract

Based on the actual data of county in Zhejiang province, this paper analyses the levels of agglomeration of financial services industry and co-agglomeration between financial services industry and manufacturing in Zhejiang province. The conclusions are as follows: The levels of financial services industry agglomeration is low in past and currently belonging to moderate agglomeration, and was inclined "N"-type upward trend; the levels of co-agglomeration are high between financial services industry and manufacturing. From the geographical point of view, northeastern of Zhejiang province was significantly higher than that in southwestern of Zhejiang province.

Study on the influencing factors and improving countermeasures of regional financial service function -- Take corporate loans as an example

“…In this paper, the improved local density and relative offset distance will be used to identify the clustering centers. Then a new scoring method is proposed for scoring all points to determine the clustering centers by scoring, see Equation (6). (6) Using the assessment score values , each point in the data set is sorted.…”

“…Then a new scoring method is proposed for scoring all points to determine the clustering centers by scoring, see Equation (6). (6) Using the assessment score values , each point in the data set is sorted. Higher score values will be assigned to points that have elevated local density and high comparative offset distances, and then the scores are sorted in descending order from highest to lowest.…”

“…The most potent indicator of increased financial competitiveness is the improvement in the capacity of financial services to contribute to the actual economy, the development of inclusive finance, or the promotion of an equitable growth of the capital market [4]. Regional financial competitiveness, on the other hand, is the expression of financial competitiveness at the regional level, as well as the relative advantage and comprehensive ability of a region in competition with other regions through the process of absorption, control, utilization, ownership and allocation of financial resources [5][6]. Therefore, the level of a region's financial competitiveness directly determines whether the region's financial resources are effectively allocated, it ultimately has an impact on the area's capacity to deliver financial goods to the actual economy, thereby affecting the overall national economic and social development [7][8][9].…”