The relation between financial industry agglomeration and industrial economic growth in Hubei province based on big data analysis

Abstract

Finance is the core of modern economy. With the improvement of the position of financial industry in the national economy, financial resources are organically combined in different spaces and reach a certain scale, which forms different levels of financial agglomeration. There is a close and complex relationship between financial agglomeration and industrial economic growth. Financial agglomeration is often reflected in the form of financial centers. The construction of financial center should be the connotation and extension of promoting industrial economic development. With the unbalanced distribution of financial resources, the economic development of eastern, central and western regions is quite different, which leads to regional financial centers. Therefore, by studying the impact of financial agglomeration on industrial economic growth, we will promote the development of industrial economy, which will avoid the waste of resources caused by the similar functions and functions of financial centers. Firstly, this paper analyses the current situation of financial industry agglomeration in Hubei Province. Then, this paper analyses the related concepts. Finally, this paper analyses the relationship between them and puts forward some suggestions.