The Study Of The Path Of The Financial And Military Support For Local Economic Development

To expand the breadth and depth of finance and to crack the bottlenecks of financial service for the entity economic is the key to realize the economic transformation and upgrading of henan province.To the government work report of henan province in 2015,the first official used the concept of "Local financial institutions of Henan ","Local financial institutions of Henan " gradually grow stronger and more mature,in a short span of three years,the Central China Securities listed in Hong Kong,the ZYB and Zhongyuan Agricultural Insurance.co.,LTD was formally established,the Zhongyuan equity trading center for the opening bell..."Local financial institutions of Henan " grow to be a military,support kept increasing to the regional economic development.They emerging force is growing stronger,and changing the old pattern of financial market in henan province,the contribution of their for henan province to implement the country’s five development strategy has profound practical significance.This paper recesarches the relationship between financial support and economic growth on the base of the some theories,such as financial differences and regional financial center,and then put forward the theory of local financial support to the local economy correlation framework.In this paper,on the basis of the theory of financial support,study how to improve the support of the local financial for the development of local economy.It discussed from four aspects as follows.Firstly,this paper establishes the framework basis on the theoryies of financial system and financial support system,bank efficiency and the economic growth,and then puts forward the research about relationship and interaction between local financial support and re local economy.Secondly,the article embarks from the "Local financial institutions of Henan ",expounds they system framework,forming reasons and current situation of the development.Then,according to the situation of the development of local economy in henan province,this chapter take regional small and medium-sized Banks for example,makes an empirical analysis by using the correlation index system,and proved the correlation of financial support to economic growth,and further analysis the ways by which financial support local economic development.Finally,the article put outthe strategic selections of "Local financial institutions of Henan " development of local economy based of the previous article and research.