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Fintech and Knowledge-Intensive Services Agglomeration in China: Unearthing the U-Shaped Relationship

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  • Xu, ZhiChao
  • Li, Junchen

Abstract

This study comprehensively examines the intricate relationship between advancements in Financial Technology and the agglomeration of knowledge-intensive services in 284 Chinese urban regions, spanning the years 2014–2020. Our empirical evidence uncovers a unique U-shaped association that remains unflinching in various robustness assessments. Notably, the analysis of heterogeneity divulges a more pronounced influence in larger and medium-sized cities compared to their smaller counterparts. Further, regions possessing sophisticated financial infrastructure experience a heightened impact. The study's nuanced understanding of this complex relationship offers valuable perspectives, aiding the precise formulation of policy interventions.

Suggested Citation

  • Xu, ZhiChao & Li, Junchen, 2023. "Fintech and Knowledge-Intensive Services Agglomeration in China: Unearthing the U-Shaped Relationship," Finance Research Letters, Elsevier, vol. 58(PC).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pc:s1544612323009108
    DOI: 10.1016/j.frl.2023.104538
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    References listed on IDEAS

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