| The relationship between finance and economics is always an important topic for economists. As the main push power of regional economy development, finance not only reflects regional characteristics of economy, but also operates regionally to help realize the economic regionalization. Although there still exists some different recognition about meso economics in theoretical field, regional finance is at least the main form of meso finance. It is also a research field with strong Chinese characteristics. The reason for us to take regional finance as a research subject is the reality of regional financial unbalancedness in China, which results in the enlargement of regional economic difference. Financial difference in Jiangsu province is an epitome of China's regional economic and financial difference. So it has a great significance to take Jiangsu as a case to analyze regional finance action mechanism and its development differences so that we can reduce the differences among regions, adapt related financial development policies to local conditions and keep the economy in healthy operation.With the help of financial development theory, regional economic theory and theory of financial geography, the first topic to be studied in this dissertation is the action mechanism of financial development on regional economy. Economic development consists of two parts: the economic growth and the adjustment of economic structure. Because the structural adjustment of industry is the core of economic structure, the research on this problem is carried out from two aspects: one is the financial development action on economic growth;Another is the financial development action on structural upgrading of industry. Along with the research thoughts as theoretical analysis ----empirical test, the dissertation makes a detail theoretical analysis on financial action mechanism. At the same time, by using various financial development index and panel data, time series data in south, middle and north Jiangsu province, the paper established Fixed Effect Variable Intercept Model to test regional financial development action on economic growth and VAR Model to study empirically the financial action on industrial upgrading. Meanwhile, cointegration theory, Granger Causality Test method are used to test long term and short term causality relations between financial and economic development. Empirical studies show that regional financial difference is the main cause that leads to the different action mechanism and effects in three areas in Jiangsu. The above conclusions draw out the second topic to be discussed in the dissertation, regional financial difference. This research is carried out as the following three aspects: one is to analyze the causation of regional financial development difference; another is to measure the financial development level in different parts of Jiangsu; the third is to empirical studies on the fluctuation characteristics and convergence of three areas'financial development. In order to realize these ideas, systematic self-organization theory is applied to analyze the causation of regional finance difference. It is point out in the dissertation that regional economic difference, local environment, marketization, policies, regional innovation and credit environment are the main factors that result in the difference in regional financial development. Based on the establishment of regional financial development evaluation index system, the financial development level in different parts of Jiangsu is measured by factor analysis and case cluster methods. The results proved the current situation in Jiangsu financial development and its quantitative development characteristics. In order to further study the fluctuation characteristics, Theil's index is used here. The result shows that financial difference within regions is getting smaller while difference among regions is becoming larger. Difference among regions is the main reason for the difference enlargement in Jiangsu province. With the help ofσ,βand club test methods, the convergence of regional financial development is tested either. The conclusion is that there is noσconvergence, but existsβabsolute convergence in Jiangsu regional financial development. Meanwhile there also presents"club convergence"at some extent.On the basis of above theoretical analysis and empirical studies, some suggestions to strengthen the financial action mechanism and promote the coordinated development of regional financial development are put forward in the dissertation at last. They are as follows: to set up multi-layer and overall regional financial system; construct regional coordinated financial support and cooperation mechanism; cultivate regional financial growth pole; push the establishment of different levels of regional financial centers; increase self-organization abilities of regional finance and create harmonious financial ecological environment and etc.
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