Space-Time Pattern Evolution of Interurban Capital Flow Network in China: From the Perspective of Investment and Financing Network

Authors: Yaling YE*, Peking University, Wensheng LIN, Peking University, Zhenfa LI, Peking University, Canfei HE, Peking University
Topics: Urban Geography, Economic Geography, China
Keywords: urban network, investment and financing, inter-firm network, evolution, influencing factor, China
Session Type: Paper
Day: 4/5/2019
Start / End Time: 9:55 AM / 11:35 AM
Room: Tyler, Marriott, Mezzanine Level
Presentation File: No File Uploaded

In recent years, there has been an increasing number of studies on the construction of urban networks based on network of firms, in particular, using intra-firm links established by spatial location of headquarters and branches to build urban networks. Different from previous researches, this article builds interurban capital flow network based on the inter-city investment and financing relationship of companies. The study finds that: (1) The number of interurban capital flows among enterprises increases from 2013 to 2016, and the cover range of investment and financing is becoming wider. Capital is increasingly concentrated in large cities. (2) Beijing-Tianjin-Hebei Region, Yangtze River Delta, Pearl River Delta, Chengdu-Chongqing area and Wuhan area stand out in the urban networks shaped by China’s capital flows. The capital flows among Beijing, Shanghai and Shenzhen are the most important connections in the network. (3) Compared with the Beijing-Tianjin-Hebei Region and the Pearl River Delta, The internal links of the Yangtze River Delta are more complex and stronger, with a higher level of activity of capital. (4) The three cities have complex competition and cooperation. Beijing has the most extensive urban connections, basically covering the whole country, while Shanghai and Shenzhen are relatively concentrated. (5) The spatial structures of urban networks vary greatly in different industries. The interurban capital flow is embedded in China's unique institutional environment. The market and the government have influenced the evolution of spatial structure of urban network together.

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