| Since the 21 st century, with the gradual thorough of financial system reform, the overall level of China’s financial development has gradually risen, and the regional finance also has developed from different degree. However, the unbalance of regional financial development in China is still very prominent: according to the relevant indicators of "China region financial Performance report(2015) ", the deposit and loan balance, the number of listed companies, the domestic stock financing and the premium income in the eastern region of China all accounts for more than 50% of the country, which is far higher than the central and western regions. So what kind of situation does the regional financial development of our country present? Does the development of regional financial structure keep the balance? Which factors is the development of the regional finance influenced by?The answers to the above questions have important guiding significance to promote the coordinated development of regional finance and the choice of the future direction of financial development.Therefore, on the basis of existing research, with the theory of financial development and financial geography as theoretical support, under the basic conceptual framework of the World Bank, this paper has constructed a comprehensive evaluation index system of the financial development, which contains four dimensions including financial depth,financial breadth, financial efficiency and financial ecological environment. Then it has calculated the level of regional financial development from 2004 to 2014 in our country using the evaluation index and has carried on the empirical analysis on the factors affecting the development of the regional finance. The research contents and conclusions of the full text are as follows:On the basis of combing the theory of financial development and financial geography theory, it has constructed the analysis framework of this paper. Theory of financial development mainly includes the financial structure theory and the endogenous financial development theory and the financial sustainable development theory. Theory of financial development has carried on the summary and presentation along the clues of the constantly enrich of the connotation of financial development and the expansion of financial dimension, which provides theoretical support for this article to select index inthe measure of regional financial development level;Financial geography has revealed the factors affecting the development of regional finance, which provides theoretical support for the selection of explanatory variables of the influencing factors of regional financial development.It defines the concept of regional financial development and makes a descriptive analysis on the current situation of the regional financial development in our country. On the basis of the results of previous studies, this paper argues that financial development is not only reflected in the development of financial institutions or financial markets, but also in the improvement of financial ecological environment. And the regional financial development is defined as the expanding and deepening of regional financial institutions and financial market scale and the gradually improved process of regional financial ecological environment within a certain region on the basis of economic or geographic conditions. Under this premise, this paper has made descriptive analysis on the status of regional financial development of China’s eastern, central and west and northeast in four from three aspects of banking, securities and insurance industry. The data shows that the difference of China’s regional financial development level is apparent during ten years,but its tendency is to shrink and the financial development level of the eastern region is far higher than other regions’.It constructs the comprehensive evaluation index system of regional financial development and the actual measurement is carried out. This paper has constructed a comprehensive evaluation index system including financial depth, financial width,financial efficiency and financial ecological environment, which consists of 13 specific indicators. Then based on the data of each province from 2004 to 2014, the level of regional financial development of China’s 30 provinces and cities has been calculated. The results show that the development of regional financial is unbalanced in our country: the level of financial development in eastern provinces is generally high, followed by the northeast region and the western region. And most of the provinces in China’s central all lag behind.What’s more, the difference of financial development among provinces of the four areas is significant; The overall level of China’s regional financial development has changed little and the financial development of different provinces has its own characteristics, which can be divided into four types of stable forefront, straight up,straight down and the stagnation of wandering.It analyzes the reasons for the difference among the regions of financial development.This paper has selected seven indicators as explanatory variables from three aspects of the traditional geography, new economic geography and policy factors. Then the selection of is the provincial level of financial development has scored an explained variable regression analysis. It is concluded that the economic base, the degree of science and technology development level, the degree of transportation convenience and informatization have positive impact on the development of regional finance. But the influence from the traditional geographical factors on regional financial development has gradually blurred, which is no significant effect.Finally, this paper argues that the policy suggestions to promote the development of regional finance are : first of all, to continue to push for different regional financial policies, making policy leaning to less developed areas; Secondly, to broaden the financing channels, to guide, standardize the folk capital, establish a mufti-level capital market system, improve the financial market; Finally, to improve the ecological environment of regional financial development to provide a good environment for the development of regional finance. |
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