In Finance, What Does "Wind Up" Mean?

Financial industry agglomeration refers to a country's financial regulatory authorities, financial intermediaries, multinational financial companies, domestic financial companies and other institutions with headquarters functions in a geographically concentrated area, and with other international (multinational) institutions, multinational companies, There is a special industrial space structure with close contacts between large domestic corporate headquarters.

Financial industry agglomeration

Right!

Financial industry agglomeration refers to a country's financial regulatory authority,

Financial industry agglomeration refers to a country's financial regulatory authority,

In the field of financial industry, since the 1970s, more and more

The motivations for the formation of financial industry agglomeration include the driving factors for the formation of financial industry agglomeration and the inherent mechanism problems. Most scholars have theoretically analyzed the causes of financial industry agglomeration.

The evolution of financial industry agglomeration is to explore the financial industry agglomeration from a dynamic perspective. The British scholar Dow summarized the spatial evolution of the banking industry with its organizational changes. That is, the evolution of the banking space system is divided into six stages. 1. Serving the local community

The research on the competitiveness of financial industry agglomeration is mainly focused on the research of international financial centers. Correct

Financial industry agglomeration refers to a country's financial regulatory authorities, financial intermediaries, multinational financial companies, domestic financial companies and other institutions with headquarters functions in a geographically concentrated area, and with other international (multinational) institutions, multinational companies, There is a special industrial space structure with close contacts between large domestic corporate headquarters.

Globally, New York, London and Tokyo have become the world's most important financial industry clusters. These metropolises have attracted the world's leading financial institutions such as banks, insurance, securities, and funds to set up businesses (Tschoegl, 2000). London is the world's largest international financial center and has the largest European dollar market.

Since the birth of the London International Finance Centre in the 19th century, the international financial market has undergone a process from concentration to decentralization and from decentralization to concentration. Looking at the development history of financial centers at all levels in the world today, we can roughly summarize the two effective ways of the formation of financial industry agglomeration: one is to rely on the path dependence formed by accidental factors such as history and special events, and rely on the development of the real economy Accumulate and spontaneously attract financial companies to migrate and form agglomerations. Once the early location advantage is formed, it is bound to form a lock through the multiplier effect of forward and backward industry associations (Krugman, Fu-jita, 1999), thereby further consolidating the stability of the cluster and expanding the radiation effect and attractiveness of the cluster; The other is mainly dependent on the country's relevant supporting industrial policies. The government makes spatial arrangements based on economic development strategies, evaluates cities in accordance with relevant standards, and selects cities with potential for financial industry agglomeration. The industrial policy supports development and guides the direction of investment in site selection.