A Study On Region Financial Development Of Central China's Rising

Since the east took the lead in reforming and opening in 1978, our country economic development well up hotpots constantly, such as west development, perking up the northeast industrial park. Thus we found the taxis of regional economics has arisen gigantic movement. The central China is being in the dock, and interiorly broadens the gap with the developed areas. So it is inevitability choice to step up the economic development to catch up the developed areas.Finance is decided by economy. Also finance feeds back to economy. The function of the financial development is the momentum for regional growth, and adjusts economic structure. Development regions have earned rapid growth speed by full use of financial resources. But development regions have great difficulty to find breakthrough, because their financial resources are used poorly.The relationship between financial development and economic growth is a key issue of theory of financial development. There are many researches on this problem these years. Those researches focus on the causality of financial development and economic growth. They use the data from different countries. However, those different of regional finance indifferent countries are not been concerned. This paper uses the data of financial development of central China. The objective is to find the causality of financial development and economic growth and the characteristics of financial system of central China. The paper also testifies theories of financial structure and financial development. Based on these researches we give suggestions for the financial development of central China.Based on the reality of the financial development level in central China, we can study the function and effect of financial resources to the regional economic development. This paper used statistic methods. After contrasted the regional economics and the financial from the four parts in the whole country, we studied how the financial development gave the promotional functions to the economic development in central China. The demonstration study showed that the financial development could not only promote the economic development in central China, but also speed up the third industry evidently. Moreover, it can be proved that, as an economic area, the central China isn't block out. It has joined the global economic in-consciously. And we give some personal thinking and political suggestions for the economic development in central China.