A Study On The Relationship Between Regional Financial Center And Regional Economic Growth

Since entering twenty-first Century, the financial industry has gradually shifted to the development of cooperative and industrial clusters, the resources and talents in the space, and the financial centers of various countries, such as New York, Tokyo, London, which attract a large number of talents and capital, as well as the international famous financial institutions. With the rapid development of global economic integration, the regional financial center has been developed rapidly and has become an important reference for the local economic indicators, which plays an important role in local economic development. The development of regional financial center has an important strategic significance to promote the optimization of local economic structure, improve the financial service system and the construction of cooperative economic circle.In recent years, the development of China’s financial industry is good, product innovation, the quality of employees has been greatly improved, the financial institutions are constantly upgrading. Since 2001, China has made a clear plan for the development of Shanghai as a financial center, after decades of development, Shanghai has gradually move towards the international financial center. In addition, other cities in the country have proposed the establishment of regional financial center strategic objectives, such as Harbin, Tianjin, Shijiazhuang, Nanjing, etc.. Various cities in the region to create a regional financial center on the road has accumulated a lot of experience, but also gained a lot of results, the rise of a regional financial center construction boom. However, over 30 years of reform and opening up, China’s economic development is very uneven, in this economic foundation, the regional financial development is also a big difference in the regional financial center construction is uneven, regional financial development differences and even more than the economic development gap. The establishment of regional financial center and the relationship between economic growth and how the impact is much, but there is no definite conclusion. Therefore, in order to realize the dual development of economy and finance, it is necessary to have a better understanding of the relationship between regional financial center and regional economic development level. Based on this, this paper attempts to make a theoretical and empirical research on the subject of the research.This paper is divided into six chapters, the first chapter introduces the research background, related concepts are described; the second chapter to the theoretical construction of a regional financial center were summarized, and the regional financial center and regional economy on the development of the field a summary of relevant research; the third a careful analysis of domestic and foreign types of financial centers-market-based and government-led, respectively, to analyze, for example, on its development advantages, the development process are summarized, in the hope of Jinan City building a regional financial center, bring a bit of reference; The fourth chapter analyzes the status quo of Jinan City economic development and regional financial center, hoping to Jinan local financial and economic developments have a more in-depth and clear understanding, laying the groundwork for the empirical part; fifth chapter is the empirical part, Based in Jinan economic and financial data, through a single integration test, cointegration test, Granger test methods, on finance and financial efficiency the total promote the economic development of a quantitative and derive financial efficiency a greater role in promoting economic development, the total amount of finance has little effects on economic; Chapter VI are based on the foregoing findings, to promote regional financial center in Jinan City building and economic development proposed with a reference of reference.The author of this paper is based on his theory study and practice, and he has visited many famous people in the financial institutions and the industry. He has collected a large amount of text materials, which is expected to be helpful for the construction of Jinan regional financial center.