Research On Regional Financial Cooperation Under The Background Of Beijing-tianjin-hebei Region's Coordinated Development

In recent years,with coordinated development of Beijing-Tianjin-Hebei region proposed,new vitality has been added into the economic prosperity.Beijing-Tianjin-Hebei region has become the third pole to promote national economic growth,which is right after Yangtze River Delta and Pan Pearl River Delta.As the coordinated development has been raised to national strategy,Beijing,Tianjin and Hebei have been playing much more significant roles in the process of regional economic integration.Integration is based on regional financial cooperation.Under the background of Beijing-Tianjin-Hebei region's coordinated development,regional financial cooperation goes first,which is a prerequisite for promoting economic development.However,compare to Yangtze River Delta,Pan Pearl River Delta,London financial circle and New York financial circle,it is found that Beijing-Tianjin-Hebei region is far behind these areas,which makes new higher requirements for financial services and allocation.It has very important practical significance to break regional administrative barriers,establish coordination mechanism to guide and strengthen financial cooperation and interaction so as to enhance financial strength,economic level and overall competitiveness of Beijing-Tianjin-Hebei region.First of all,this paper summarizes the domestic and international research literature,and describes the combination of financial development and economic growth and relevant theory,Secondly,through the analysis of the current situation of the financial and economic operation,it is found that there are some problems,such as unbalanced regional financial development,fuzzy function localization and lack of regional cooperation and promoting mechanism.To sum up the factors affecting the regional financial cooperation of Beijing-Tianjin-Hebei region,which includes regional division,policy system,information barrier and personnel barrier.So on the basis of analysing the experience of Yangtze River Delta,Pan Pearl River Delta,London financial circle and New York financial circle,finally this paper puts forward some suggestions about how to solve the problems above.Beijing-Tianjin-Hebei region should get rid of administrative barriers to achieve planning together,clear function positioning to exert comparative advantage,establish information service platform to achieve information sharing,build long-term mechanism and cooperation fund,strengthen financial innovation to promote financial integration and complete credit system to improve the financial environment,so that regional financial cooperation gets promoted and overall economic level and competitiveness get enhanced.