The Regional Differences Of Financial Development In Xinjiang

The development of regional economic need the financial support, the eco nomical lubricant of finance plays an important role in regional economic deve lopment. "The Silk Road Economic Belt " put forward to promoting the position of Xinjiang as a bridgehead to the west development, but significant differen ce was found in Xinjiang regional financial development fields, convergence or divergence and quantitative differences between different regions is how to co ordinate regional development, promote the overall economic and financial level of ascension, this problem become the important purpose of this thesis.First of al, article analyzes the current situation of the development of fin ance regional differences in Xinjiang from three aspects including financial con tributions, financial market development, financ ial infrastructure distribution. Thr ough comparing and analyzing financial development in the region of Xinjiang significant differences, Northern slope of Tianshan area have a higher level of financial development, Southern slope of Tianshan industrial zone, three south ern states and border the alpine zone have a low level of financial developmen t. Subsequently, on the one hand use of Theil index analysis regional differenc es financial trend of change in overall Xinjiang, including changes in the trend and regional differences, in the other hand analysis of financial trends in chan ges in each regional differences. The results show that regional differences in o verall financial development of Xinjiang is mainly due to large differences in t he region, and the region is driven by differences in the Tianshan Slope Econo mic Zone of regional differences, thus affecting the overall change in the differ ence. From a regional analysis, in addition to three southern states, the other t hree are regional differences have decreased, three southern states difference ar ea is too smal, does not affect the overall difference. Then use aconvergence, bconvergence and club convergence test the convergence of financial develop ment regional differences of the Xinjiang in 2001-2014, test the Xinjiang regio nal of overall financial development is not aconvergence, but there are conditi ons b convergence with there is no club convergence in the region. Analysis of Regional differences in financial results development first and then expand the narrowing trend in 2001-2014. Despite the differences narrowed, but differe nces still exist, coordinated development is not in the true sense.On the basis of quantitative analyzing the current situation of the regional differences of financial development, the specific differences and convergence in Xinjiang, Further explore the factors that influence finance regional differenc es in Xinjiang Therefore, from the aspects such as economic environment, the coordinated development, reform and innovation of financial operation system, a differential financial policy, develop regional financial development overall st rategy, coordinate the regional financial development of the cities, adjust and optimizing the existing financial structure, set up multi- level financial system, p romote regional financial cooperation, both inside and outside for the real mea ning of the Xinjiang regional economic and financial coordination and sustaina ble development.