Research on Development of the Modern Service Industry Basedon Financial Convergence

Qiuli Gao, Jiawei Ding, Chidao Yuan, Lixia Zheng, Jiexi Tan

Abstract


With the rapid growth of China’s economy, convergence has become a basic form of modern organization infinancial industry. Taking Guangdong province as example, this paper firstly sets up an evaluation index offinancial convergence degree, then apply Factor Analysis method to quantify the financial convergence degreeof Guangdong. Finally Multiple Regression Analysis and Cointegration Test prove the positive relationshipbetween financial convergence and modern service industry in Guangdong.


Full Text: PDF DOI: 10.5539/ijbm.v9n6p173

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Business and Management   ISSN 1833-3850 (Print)   ISSN 1833-8119 (Online)

Copyright © Canadian Center of Science and Education

To make sure that you can receive messages from us, please add the 'ccsenet.org' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.