A Study On The Influence Of Financial Development On China's New Urbanization

Comrade Xi Jinping pointed out in the report of the 19 th National Congress of the Communist Party of China that "taking the urban agglomeration as the main body to build a coordinated urban development pattern of large,medium and small cities and small towns." This is the direction and path for China to develop new urbanization in the future.As of 2018,China's urban population accounts for 59.58% of the total population.The rapid development of urbanization in China is not only the focus of promoting social and economic development,but also an inevitable requirement for China's economic upgrading and transformation.To comprehensively build a new type of urbanization in China,in addition to relying on government financial allocations and policy support,we should rely on the power of the market,especially the strong financial pooling and allocation capabilities of the financial system,to finally optimize resource allocation and develop new towns in China.Purpose.This paper uses time and regional analysis methods to study the development of new urbanization in China,and analyzes the problems in development.Statistics show that in the past fifteen years,China's population urbanization,industrial urbanization and income urbanization have experienced steady growth with varying degrees of time,but there are development differences between regions.In order to discuss in depth the impact of China's financial development on China's new urbanization construction,this paper uses the panel data and econometric models of 31 provinces and cities nationwide to conduct theoretical and empirical analysis.The results of panel data model show that in the eastern region,financial development has a good effect on population urbanization and industrial urbanization,but there is no long-term stable impact on reducing income gap.In the central region,financial development can significantly promote industrial urbanization.Urbanization of income and income will also help to improve the urbanization of the population.In the western region,financial development has a significant positive impact on reducing the income gap between urban and rural areas,and also plays a good role in promoting population urbanization and industrial urbanization.This article is divided into six parts,the key chapters are the third,fourth,fifth,sixth,these four parts.The first part and the second part are the introduction,the definition of related concepts and the theoretical basis.The third part is about the impact mechanism of financial development on the construction of new urbanization.It mainly analyzes howfinancial development has an impact on China's population urbanization,industrial urbanization and income urbanization.The fourth part is the analysis of the status quo of China's new urbanization level and financial development level,mainly dividing China into eastern,central and western regions,targeting population urbanization,industrial urbanization,income urbanization and financial development in various regions.Three dimensions: analysis of the status quo of financial scale,financial structure and financial efficiency.The fifth part is the empirical analysis of financial development support for China's new urbanization.The main conclusions are obtained through unit root test,KAO test,F test,Hausman test and regression model analysis.The last part is the summary and policy recommendations.According to the analysis results of the panel model and the problems existing in the analysis of the status quo,it summarizes the role of China's financial development in promoting new urbanization,and proposes corresponding policy recommendations,so that financial development can better promote new towns in China.Development.