Financial Cluster And Government Behavior In Xinjiang

Financial cluster is an important indicator of financial development of a countryor region, which will be affected by a lot of factors, government behavior being themost important one. Under the socialist market economy with Chinese characteristics’environment, government behavior in the development process of financial clustermore important. Government behavior divided into the behavior of the centralgovernment and local government.As one of the China’s backward economic regions, in the Xinjiang financialcluster process, the central government has been given a variety of preferentialpolicies. Due to the economic development, regional stability, performance evaluation,low of financial self-sufficiency rate and many other reasons, Xinjiang localgovernment is also actively promotes the development of the financial, for make morecontributions of social and economic development in Xinjiang.This paper combining the method of theoretical and empirical analysis, study theXinjiang financial cluster and government behavior. First, choose the index system offinancial cluster and government behavior, made an empirical analysis of the two byapplying factor analysis method’s score and found that there is a positive correlationbetween financial cluster and government behavior. And then, it analyzed the reasonsof government behavior intervene in Xinjiang financial cluster and the impact theywould make. Finally, against the central government and local government inXinjiang make policies recommendations to further promote Xinjiang financialcluster.