Research On Development Of Beijing And Tianjin Regional Financial Integration Based On The Expected Effect

In recent years, with the sustained and rapid development of economy in Beijing and Tianjin, these two places both have proposed the goal that to build such as the financial center in their respective city planning. From the current development situation of two cities, even if Beijing and Tianjin respectively possess sufficient financial funds and favorable financial innovation policy and so on relative advantages, but if the two places do not adopt the financial integration policy or act their roles, it will lead the two cities to unnecessary competition situation, resulting financial resource waste. Because of this, Beijing and Tianjin financial industry have gradually expand cooperation in all respects recently. Overall, the perfect mode of economic and financial development has not been formed.This article mainly aims at the analyses of the expected effect on development of Beijing and Tianjin financial integration. Through three groups of Ganger Test, we select the index of rate of financial and real per capita GDP to find that financial development in Beijing is an indispensable force to promote regional economic growth; the economic growth of Tianjin area plays an important role in promoting the development of local financial industry; tests prove that the two can achieve complementary advantages and mutual promotion goals if they adopt financial integration. In addition, Beijing and Tianjin should correctly recognize their roles in the implementation process of financial integration strategy. Beijing should rely on its own financial decision-making center advantage to attract more and more Chinese and foreign financial institutions headquarters into, creating high-level headquarters finance. According to the advantage in industrial base and the task of assisting the development of Beijing financial center construction, Tianjin should formulate its development route closely of industrial finance and financial background. Considering the development situations and development goals of Beijing and Tianjin, make sure that regional international financial center is the strategic objective of the financial integration development for Beijing and Tianjin. As for the development of financial integration of Beijing and Tianjin, this article carries on the concrete analyses and put forward relevant proposals from two aspects of financial institutions and financial markets.