Research On Difference In The Level Of Financial Development Of Xinjiang

This paper using financial geography of the methodology to analyze the currentsituation and reasons of the differences of financial development in Xinjiang, in theprocess of structure and spatial layout of the space to explore various parts ofXinjiang State financial resources through the financial geography philosophy, from anew perspective to explore the path of the coordinated financial development.Xinjiang is located in China’s western border, has the typical regional economiccharacteristics. In the country of western development and inland provinces andmunicipalities to support background, in the process of economic transformation,Xinjiang financial subject faced with a variety of financial constraints. The paper usethe multidimensional three-dimensional model to sort out the various parts ofXinjiang state financial development, relying on financial geography and regionalfinance theory to clarify the dynamic operation mechanism of Xinjiang, through thebuilding all financial development in comprehensive index system of every statefinancial development level and the development gap makes a comprehensive andsystematic research, and with financial geography map for all states in Xinjiang offinancial development level of space distribution structure difference, explore allfinancial development in Xinjiang in the financial geography differences in the levelof the reasons and solve countermeasures.This paper adopts theory, standard and empirical combination of analysis method,the Xinjiang in all states financial development process of change use financialgeography thought, combined with social, economic and geographic factors establisha financial comprehensive competitiveness index system, using the factor analysis,principal component analysis and cluster analysis to analyze the financialdevelopment differences in the level of the component elements. Finally, the articlethrough the research of Xinjiang, combined with features around in financialinnovation, research for the state financial products, implement a more reasonableregional financial policy, create better regional financial environment, and promotethe development of financial coordination between the various parts of Xinjiang state.