DOI: 10.36347/sjpms.2020.v07i06.002

Pages: 82-87

This paper constructs an index system of financial agglomeration, further evaluating and analyzing the agglomeration level of the financial industry in Changsha. On this basis, the following conclusions are drawn: First, the location entropy index of Changsha's financial industry location index is 0.19 in 2016, which is lower than that of 2015. Since 2016, the financial industry in Changsha has been showing a trend of sustained low-speed growth. The growth rate of the financial industry has dropped significantly. Secondly, the grey correlation degree of each industry is calculated through the grey relational analysis model. As a high-level tertiary industry, the financial industry has a lower grey correlation degree with the tertiary industry's gross regional product than that of the lower level transportation and postal industry, as well as wholesale and retail trade. This paper applies location entropy index model and grey relational analysis model to integrate the advantages of similarity coefficient and location entropy, thereby putting forward suggestions for the construction of Changsha regional financial center.