Research On The Maturity Of Regional Finance

Finance is the first and sustainable motive force of regional economic development with the modern market economy development. How to make the support function on regional economic development of the finance more effective becomes the hot problem that the governments of domestic and international area tells us, combining the regional development strategy of the country with regional comparative advantage and arousing all kinds of factors of the region can promote the development of regional finance effectively. Because the regional finance is regarded as the core force of promoting regional economic development, its structure's upgrading and optimization would be the wings of the soaring of the regional economy.On the regional perspective, the paper defines the meaning of regional financial development by synthesizing the former research results, holding the view that the regional financial development is the short-term or long-term evolution of a country's financial structure and financial variables in space. Then it discusses the growth of regional financial problem in Qingdao by the quantitative quotas and qualitative ones.First, the paper reviews the development of the regional finance and financial development theory, briefly introduces the research and conclusions of the financial growth, laying a theoretical foundation for analyzing Qingdao regional financial growth.Next, the paper constructs an index system to measure the regional financial growth, using indices in financial scale, structure of the financial system and efficiency. It comprehensively and detailed analyses the situation of Qingdao regional financial growth , and horizontal compares with four other cities specifically designated in the state plan, such as Shenzhen, Ningbo, Xiamen and Dalian. This breaks the previous analysis limited to a region or from the perspective of a broad analysis of the country. Selecting the four cities which have the basically same geographic location, size of the economy, the policy advantage is easier to find out the Qingdao financial growth strengths and weaknesses, and proposes measures for the future more on practical and operational.Then the paper analyses the factor which impacts Qingdao financial growth from five aspects, including lack of financial innovation, lack of regulation means, poor financial ecological environment, irrational structure of financial institutions and low degree of financial market. And introduces domestic Beijing, Shanghai, Hongkong and abroad USA New York, United Kingdom London experience in developing the finance industry, it has important enlightenment significance to develop Qingdao financial industry in the future.Finally,using this theoretical analysis and empirical conclusions, the paper puts forward proposals about Qingdao financial growth, including encouraging financial innovation, promoting regional private financing development, developing capital market to improve the direct financing portion, improving the venture capital system, pushing forward the social credit system construction, constructing big financial institute system and carrying forward the city's character to develop the logistics finance.