A Research On The Regional Finance Differentia During The Transformation Of The Economic System

The overall booming of China's national economy must be led by the development of regional economy. Economy decides finance and finance promotes economy. At present, finance has become the core of economical development and regional finance has become the mid-scope arrangement of the financial theory. The improvement of regional economy must be pushed and promoted by the development of regional finance. The development of the regional finance differentia has been the main factor of regional economic growth.Through the analyzing of our country's twenty years' finance system reform, we can find that the coercive institutional change, which is under government leading of the surface, contains several interests groups' participation. Further more, a mid-tier has appeared, which we now call regional finance. In the forepart of the reform, government has been in the absolute advantage state, regional finance was just disassembled in the base of macro-finance. In the latter-part, the regional finance deepening has been premature of the macro-finance reform. Regional finance differentia presents the course from planned economy to market economy.In addition, the finance development of Wenzhou makes a successful case of the regional finance-developing course. Wenzhou is established as the first integrated finance innovation demonstration because of its self-reform and low cost of the reform. The decomposition of the reform scheme becomes the certain tendency in the latter finance policy establishment.