Research On The Difference Measurement And Coordinated Development Of The Financial Development Of Beijing-Tianjin-Hebei Region

Under the tide of world economic globalization and regional economic integration,on February 26,2014,General Secretary Xi Jinping made the realization of Beijing-Tianjin-Hebei coordinated development an important national strategy.Then on April 1,2017,the central government set up Xiongan New Area in Hebei Province.It can be seen that the state is determined to build the economic and financial integration of Beijing,Tianjin and Hebei.Beijing-Tianjin-Hebei economic integration is one of the strategies of our country.Along with the establishment of Xiongan New Area,on the one hand,it aims to centralize the functions of Beijing as a non-capital city,explore a new mode of optimizing the development of densely populated areas,and on the other hand,adjust and optimize the layout and spatial structure of Beijing-Tianjin-Hebei cities.The establishment of Xiongan New Area not only evacuates some functions of Beijing,but also helps to narrow the economic and financial gap between Beijing,Tianjin and Hebei,thus speeding up the pace of coordinated development of Beijing,Tianjin and Hebei.As the capital and political center of our country,Beijing undoubtedly absorbs more financial resources and has a better financial system.For Hebei,its financial technology is relatively backward,and its resource possession is quite different from that of Beijing.The establishment of Xiongan New Area can help alleviate this problem.A contradiction.Firstly,this paper analyses the differences between the financial industry in Beijing,Tianjin and Hebei and its sub-sectors(banking,insurance and securities),and finds that the differences in financial development and the local economic development level and the quality of talents are closely related to each other.Then,the paper calculates the efficiency of financial resource allocation in Beijing,Tianjin and Hebei by using three-stage DEA,and finds out the financial resources in Beijing,Tianjin and Hebei.If part of Beijing's financial resources are transferred reasonably to Hebei,the common financial efficiency of the three places will be greatly improved,and the influence of financial disparities will be found.The influencing factors can be roughly divided into two categories:economic factors and non-economic factors,i.e.external environmental factors.Through panel data analysis of economic factors,it is found that Beijing-Tianjin-Hebei region can achieve the goal of promoting the development of Beijing-Tianjin-Hebei financial industry by formulating a series of measures for regional economic development and upgrading of industrial structure,thus reducing the differences in the development of financial industry between regions.Finally,on the basis of the empirical analysis,the paper puts forward some policy suggestions to improve the efficiency of financial resources allocation in Beijing,Tianjin and Hebei,which is helpful to the coordinated development of Beijing,Tianjin and Hebei.