The Measure And Compare Of China’s Regional Sustainable Development Of Finance

This paper, first, elaborates comprehensively the basic theory of financial sustainabledevelopment. Second, the standard for the evaluation of financial sustainable developmentis set up based on the theory, which consists of the expansion of financial scale, theoptimization of financial structure, the advancement of financial efficiency and theimprovement of finnacial external enviroment. According to the standard, it builds up theindex system for the evaluation of financial sustainable development, and then uses thestatistical method to measure and compare the relative level of China’s regional financialsustainable development during2000-2010from the perspectives of provinces, fourregions and eight economic zones. It finds follwing results.First, from the perspective of provinces, in terms of the overall development offinancial sustainable development, China’s regional overall levels have sustained a stableimprovement and that the disparity among regions has been broadened. It also finds that,in the terms of the four aspects of financial sustainable development, on the one hand, theoverall levels of financial scale and external enviroment have upgraded steadily; on theother hand, the overall levels of financial structure and efficieny have upgraded weaklyand fluctantly.Second, from the perspective of four-region it finds that, in the terms of the overalldevelopment of financial sustainable development, the regional overall levels havesustained a stable improvement with a broaden disparity between eastern regions and therest of regions. In the terms of four aspects of financial sustainable development, financialscale and financial external enviroment have sustained a steady improvement with abroaden disparity between the east region and the rest of regions, while that of financialstructure and financial efficiency relatively smaller and fluctantly and unstably with eastregion enjoying a small advantage.Third, from the perspective of eight economic zones, it finds that overall level offinancial sustainable development has sustained a steady improvement with a broadendisparity between eastean coastal, northern coastal, southern coastal, and middle yangzte river region and northeastern, middle yellow river, southwestern and great northwesternregions. In the terms of the four aspects of financial sustainable development, financialscale and financial external enviroment has sustained a steady upgrade, while financialstructure and financial efficiency relatively slowly and fluctantly with economicallydevelopped regions enjoying a weak advantage.Based on the empirical evidences, it suggests that we should focus on thedevelopment of financial structure and efficency and provides some suggestionsaccordingly.