湾区金融集聚及其影响因素——来自粤港澳大湾区的检验

Financial Agglomeration and Its Influencing Factors——From the Examination of GBA

本文聚焦粤港澳大湾区的金融集聚及其影响因素,基于产业集群、金融中心、金融集聚相关理论,通过区位熵和主成分法测算大湾区城市的金融集聚程度,明确香港地区、深圳和广州的金融集聚现象和金融中心城市地位,并通过面板数据回归探究大湾区城市金融集聚的影响因素,结果表明:产业结构水平、对外开放程度、产业政策以及是否拥有交易所对金融集聚具有显著的正向影响,同时,粤港澳大湾区的金融集聚存在“洼地效应”,也更倾向于自然的市场过程。

This paper mainly focuses on the financial agglomeration of Guangdong-Hong Kong-Macao Greater Bay Area and its influencing factors.Based on the theories of industrial clusters,financial center and financial agglomeration,the financial agglomeration phenomenon and the position of financial center city of Hong Kong,Shenzhen and Guangzhou are clear.And it explores the influencing factors of financial agglomeration of the GBA cities through the panel data regression.The results show the industrial structure level,the degree of opening-up to the outside,the industrial policy and whether own the exchanges have a significant positive impact on financial agglomeration.Meanwhile,the financial accumulation in GBA has"depression effect"and is more inclined to the natural market process.