统计与数据科学学院知识库

Relying on the favorable position of the Pan-Pearl River Delta region and the support of national policies, Guangdong-Hong Kong-Macau Greater Bay Area has become one of the four major bay areas in the world. However, due to the particularity of "one country, two systems, three tariffs and four poles", it is different from the ordinary Bay area. Guangdong-Hong Kong-Macau Greater Bay Area's "four poles" cities are Hong Kong, Macao, Guangzhou and Shenzhen, among which Hong Kong is recognized as an international financial center in the world. Macao has strong economic strength and has now become a world-class tourism and leisure center. Shenzhen and Guangzhou occupy an important position in Asia-Pacific finance. Therefore, how to promote economic growth through the "four poles" in the Bay area and give full play to the role of Hong Kong-Shenzhen, Guangdong-Foshan, Macao-Zhuhai in helping and leading and joining forces is of great practical significance to enhance the degree of financial agglomeration in the Pan-Pearl River Delta region.

First of all, this paper summarizes the literature related to financial agglomeration, and reviews the literature. Secondly, on the basis of expounding the related theories of economic growth and financial agglomeration, this paper makes a comparative analysis of the four major bay areas in the world, uses the location entropy coefficient to measure Guangdong-Hong Kong-Macau Greater Bay Area's financial agglomeration coefficient and the banking, insurance and securities agglomeration coefficient respectively, and uses the AHP-TOPSIS method to comprehensively evaluate the degree of financial agglomeration in the Bay area from the perspective of financial resources.

Then it makes a dynamic panel model regression of many factors that affect Guangdong-Hong Kong-Macau Greater Bay Area's financial industry agglomeration; finally, it decomposes the spatial effects of financial agglomeration and financial sub-industry agglomeration in the Bay area from the perspective of spatial measurement.

The final result shows that the financial development and economic development of the eleven cities of Guangdong-Hong Kong-Macau Greater Bay Area are extremely uneven. The four factors of early financial agglomeration, economies of scale, degree of opening to the outside world and industrial structure will significantly promote the degree of financial agglomeration of Guangdong-Hong Kong-Macau Greater Bay Area, while the degree of government intervention and economic foundation will significantly restrain the degree of financial agglomeration. Financial agglomeration and economic agglomeration in the Bay area have been formed; among the three major financial sub-industries, only banking agglomeration has not been formed, in