Research On Hebei Province Finance Industry Development And Correlation Effect

The development of the financial industry is of vital importance to the economic development of a country or a region. The 2008 financial crisis from financial aspect to the economic development aspect, from American to the whole world, has had a tremendous impact on many industries throughout the world, which fully shows that the financial industry has vital relationship with other industries. So the development of the financial industry play a decisive role in the whole economic system status. We must attach importance to the financial industry and strengthen the contact the financial industry and other industries so that the financial industry services economic development better. It is significant for sustainable and healthy economic development of Hebei Province and implementation of the twelfth five year plan targets.In this paper, after consulting many domestic and foreign literature data, I firstly analyze the development status of Hebei province and the problems in the financial industry,and study the relationship between the financial sector and the development of the national economy. Then I regards Hebei finance and three major industries of the financial industry as the research target and use the input-output technique proposed by Leontief. According to the 2012 Hebei province 42 sectors input-output table and the 2012 Hebei province 139 sectors input-output table, I construct the 2012 Hebei province 44 sector input-output table. I use the 2012 Hebei province 42 sectors input-output table and the 2012 Hebei province 44 sectors input-output table to calculate Hebei finance and the three major industries of Hebei finance’s direct consumption coefficient, industrial induction degree coefficient and influence coefficient, and so on. According to the calculation results, I put forward the corresponding countermeasures and suggestions for the development of the financial industry in Hebei province: The introduction a variety of finance companies market main body, the innovation of financial products and financial reform, the cultivation of financial talents, strengthening market supervision, the construction of green finance.