Research On Government Behavior In Quanzhou Financial Development

The study of the effect of local government’s behavior on the regional financial development is an important issue in the period of China’s economic transformation. From a practical point of view, the financial development is dependent on the local government’s mandatory and institutional strategies; the local government’s behavior is an important factor in making differences in regional financial development. The local government’s behavior in Quanzhou has occurred a significant change after it was approved to become “The Financial Reforming zone” by the State.The local government of Quanzhou takes good used of this financial reform opportunity,accelerates the transformation of government functions and the innovation of financial management,and makes a bright financial prospects quickly. However, the government’s behavior on financial reform remains insufficient, such as the evaluation of financial management performance, the regional cooperation in the financial industry, and the motivation of reforming etc. To strengthen government’s behavior, it needs to further optimize the orientation of government function and behavior. This paper chooses the government’s behavior in the regional financial development as a research object, then explores the function orientation and behavior the local government should have in the regional financial development.Firstly,this paper analyzes the role of local government behavior in the regional financial development, states the different types of local governments in different financial development; With the analysis of theoretical and actual cases, this paper also demonstrates the effective behavior the local government should have to expedite the development in financial reform zone. Meanwhile, on the basis of analyzing the present situation and the advantages and disadvantages of the financial development in Quanzhou, this paper makes a comparative analysis in the transformation of government behavior and functions during the financial reform, and proposes the existing behavioral deficits. Moreover, the traditional industries and regional financial industry had to face with the “new normal”, “new problem”, “new challenges” recently, to solve the enterprise funds risks, this paper uses the theory of market failure to analysis the necessity of government’s intervention when resolving the enterprise financial risk. Finally, this paper gives the optimize suggestions about the local government’s behavior in regional financial development.