Smooth hypersurfaces with a CR contraction

In this paper we show that a C^∞ real hypersurface in Cn+1 of finite D'Angelo type admitting a weakly contracting local CR automorphism is CR equivalent to a weighted homogeneous hypersurface. As an application, we show that a bounded pseudoconvex domain in Cn+1 with C^∞ boundary of finite D'Angelo type with a hyperbolic orbit accumulation point is biholomorphically equivalent to a domain defined by a weighted homogeneous polynomial.