Research on Development of the Modern Service Industry Basedon Financial Convergence

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


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.

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

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