Spatial And Temporal Evolution Of China’s Financial Development Centre Of Gravity And Its Influencing Factors

Since the reform and opening up,China’s economic growth is rapid,become the world’s second largest economy in 2011 so far.Meanwhile,marketization and internationalization and diversification of our country’s financial sector to depth in advance,the reform of the financial industry has entered a rapid development around the track.However,due to China’s vast territory,around the natural and social economic condition differ in thousands ways,the foundation for the development of the regional finance is differ,lead to regional economic and financial development imbalance between is very outstanding.Regional financial development gap is the hot topic in academic circles at home and abroad,the financial center of gravity and the law of evolution is the important basis of regional financial development gap,the study helps to understand the gap of regional financial development in our country,in order to further narrow the gap to provide decision-making reference.In this context,this paper selected the provincial data of 1997-2014 as the research sample,using the loan balance,at the end of the premium income at the end of the financial institutions and regional financing scale area ratio of GDP accounted for the three indexes to measure the provinces(cities,districts)financial industry development level,using the AHP method to determine the weight of each index,through weighted comprehensive evaluation method to measure the provincial(city,districts)the financial sector development comprehensive evaluation value of calendar year.On the basis of the use of center of gravity method to measure the development of China’s 1997-2014 financial center of gravity,and depicts the geographical center of gravity of the calendar year financial development movement.The research results show that China’s financial development center of gravity to southeast direction deviating from the natural geographical center,from the point of what direction,1997-2010 financial development center of gravity is always moving from west to east,indicates that the financial development of our country’s regional gap is widening,but since 2010,the financial centre of gravity is moving from east to west,shows that the gap is a trend of shrinking;From the point of the north-south direction,1999-2003 and 2010-2014 has obvious move from south to north;Overall,since 1997,China’s financial development center of gravity is the overall trend of the mobile to the southeast.On the basis of the financial development center of gravity measurement and analysis,this paper uses grey correlation method to the financial center of gravity and industrial center of gravity and the centre of economic gravity has carried on the comparative analysis.Starting from the factors such as economic growth and social development,selection of 14 factors,through the Pearson correlation analysis of each factor to build the financial center of gravity of impact factor spatial econometric model.Research results show that the GDP growth rate,total retail sales of social consumer goods,the budget revenue and other economic factors and the proportion of urbanization,the number of teachers per ten thousand people and other social factors on the influence of the evolution of financial gravity was significantly positively related.Paper finally puts forward the policy Suggestions to narrow the gap in regional financial development.