At present, driven by the continuous rapid growth of key industries and enterprises, the development speed of strategic emerging industries has been further improved, the policy environment has been continuously optimized, a number of major innovations have emerged, the internationalization and open development have achieved outstanding results, and the competitiveness of the industry and innovation have been further strengthened. Financial agglomeration, as a highly developed form of financial industry, is formed under the conditions of external economy, economy of scale, economy of agglomeration and transaction cost, etc. Financial agglomeration is not only an important support to promote innovation of regional financial industry and optimize the allocation of resources, but also a ballast for the regional economy to cope with the external shocks. It is found that strategic emerging industries reduce financial agglomeration, which indicates that strategic emerging industries can be used as a local economic growth point, and to a certain extent, they can replace the role of finance in local economic growth, so as to promote the orderly growth of the national economy and narrow the gap between regions.

Chen Wenqi. Strategic Emerging Industries and Financial Clustering. Academic Journal of Business & Management (2023) Vol. 5, Issue 23: 77-84. https://doi.org/10.25236/AJBM.2023.052312.

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