Strategy Research Of Valuation And Measures On Regional Finance Innovative Ability In Xinjiang Province —Compared With The Eastern, Central And Western Regions

Throughout the whole development of Chinese and foreign financial industry, it can't be separated from the concept of innovation. Any landmark financial reform can be regarded as significant historical innovation activities. Financial innovation has always been the eternal theme of the development of the financial industry. While the regional financial innovation capability is the specific performance of financial innovation in different regions, and it is the middle level of financial innovation. The regional financial innovation capability is influenced by multiple factors, such as economy, culture, society, geography environment and so on. At present, the research on Xinjiang regional financial innovation ability in the academic circles is relatively weak with single perspective, and the ability of regional financial innovation in Xinjiang will not only affect the development of the financial industry in the region, and it has an important influence on the future development of economy and society in Xinjiang.Xinjiang as a bridge links China's eastern, middle regions and Middle Asian countries, Russia, Mongolia, India and other countries, occupies an important strategic position. In the background of the new Silk Road Economic Zone, Central government vigorously implement the strategy of international financial center, Xinjiang has become a key role in China's regional financial reform and innovation development.According to the combining of theory and practice, to regional financial theory and financial innovation theory as a guide, The paper analyzes and explains the connotation of regional finance innovative ability and the specific performance, including innovation and effect of the financial market, financial institutions innovation level, financial products innovation effects and efficiency of financial resource allocation, also contains the level of regional economic development and regional financial geography environment.Based on the specific performance of regional financial innovation ability,the paper accordingly proposes the explicit and implicit indicators, not only including financial ratio, per capita financial asset holdings, the number of listing Corporations, insurance density and depth, direct financing, small loan companies, the number of new rural financial institutions and other explicit indicators, but also covers the per capita GDP, the dependence on foreign trade, the non-performing loan ratio of commercial banks, the cultural industry investment and other related implicit indicators, a total of 23 specific performance of regional financial innovation capacity index, and constructs the regional financial innovation ability evaluation index system, comprehensively evaluates the financial innovation ability of Xinjiang and other provinces, autonomous regions and municipalities directly under the central region by factor analysis method. to sort, and according to the score, the regional financial innovation ability is allocated into four different interval level. Xinjiang gets a low score of regional financial innovation ability, located in the relatively low level of interval. Therefore we draw a conclusion: the ability of Xinjiang regional financial innovation is relatively weak.Based on the results of empirical analysis, In this paper, Xinjiang and the eastern regions in Guangdong Province, central region in Henan Province, the eastern region of Liaoning Province and Shanxi Province in Western's related financial development in specific indicators data were comparative study, elaborates on the reasons for the Xinjiang regional financial innovation ability is weak: including the level of economic development in Xinjiang lag, social credit environment is bad, the lag of development of financial market, financial products, lack of innovation and financial resource allocation efficiency low. At the end of the paper, according to the analysis on reasons of restricting the Xinjiang regional financial innovation, put forward coping strategies, strengthen regional economic development of Xinjiang; play the advantage of Xinjiang's energy industry, promote financial innovation in Xinjiang; perfect the multi-level financial market system; actively promote the innovation of financial products, improve the allocation efficiency of financial resources.