Research On The Regional Financial Development Of The Silk Road Economic Belt In China

The five provinces of Northwest China are the most important areas along the Silk Road Economic Belt.Northwestern regions are faced with the opportunity and arduous task of development during the construction of the Silk Road Economic Belt.Regional economic and financial development are closely linked,the development of regional economy can promote the formation of new financial needs and innovation.Finance is the strong support of development of regional economy.In the process of promoting the construction of the Silk Road Economic Belt,the development of the financial industry plays an increasingly important role.It is necessary to treat financial development as a starting point and breakthrough point so that financial industry can play a role in promoting the construction of the Silk Road Economic Belt.It also requires five provinces of Northwestern regions to play their own advantages,and actively seek effective use of financial resources,and accelerate the speed of economic development.However,due to the weak economic strength,imperfect capital market,lack of financial resources,imbalanced regional financial development and other factors,there are obvious deficiencies in the regional financial development of five provinces of Northwestern regions.This paper started from the perspective of regional economic development and used comparative analysis and statistical analysis to compare the economic and financial development and cooperation of the financial development of the Yangtze River Delta,Pearl River Delta,Beijing-Tianjin-Hebei regions and the Silk Road Economic Belt.Pointed out the problems existing in the financial development of the Silk Road Economic Belt,especially in the aspect of regional financial development,there was a lag in financial market,the weak economic foundation,the lack of financial resources,and the achievements in regional economic and financial construction were not as good as those in the eastern coastal areas.Meanwhile,this paper analysis the situation of economic and financial development in the five provinces of Northwestern China,summarizes the characteristics and status of their financial resources integration and configuration.Found that the overall level of financial development and regional distribution of financial resources of them are unbalanced.Then,summarized the problems and causes of regional financial development in the Silk Road Economic Belt.At last,this paper put forward some suggestions in terms of comparative advantage,financial agglomeration effect,special financial and experience reference.