Analysis Of Financial Development Level And Influencing Factors Of Western Provinces And Areas In China From The Perspective Of Financial Geography

China's western provinces and regions are vast,rich in mineral resources and rapid development of tourism,but on the whole,they are still relatively backward in the level of economic development,financial industry is difficult to achieve more development,and regional financial centers have not yet been established.In the financial industry,information flows orderly in space and time,and the main force that restricts and guides it comes from the financial industry itself.This information diffusion is transmitted through multi-level information transmission and market transmission,and the transmission mechanism and internal mechanism that can be reproduced by collecting,sorting out and systematically integrating analysis are the main contents of financial geography.This perspective provides us with an opportunity to examine the actual status and role of the hierarchical transition system between the economic region boundary and the financial core area in the development of financial industry.It also enables us to re-evaluate the impact and drive of the natural environment and human geographical conditions in the economic development and the development of the financial industry itself.The economic activities of western provinces and regions in China are still relatively abundant in total amount.Although they lack the support of broader financial services industry,the current level of economic development and the scale of economic activities can be better quantified and analyzed in a statistical sense.Based on the existing achievements of domestic and foreign research literature,this paper briefly expounds the basic concepts of financial geography and regional finance,and their connections and differences.Secondly,it introduces the overall situation of financial development level in western provinces and regions of China,mainly from the aspects of total financial development,financial development structure and financial development efficiency.Thirdly,in order to find out all kinds of factors affecting the level of financial development of western provinces and regions in China,this paper makes an empirical analysis of the factors affecting the level of financial development of western provinces and regions in China from the perspective of financial geography by using data from various economic and financial databases.Through data mining and analysis,principal component analysis and factor analysis are used and regression analysis discussed the various factors affecting the level of financial development in Western provinces.On the basis of empirical research,further classification and internal correlation of various factors were analyzed and discussed by extracting common factors.Overall,some research results were achieved.The main research results of this paper include: 1.The development level and distribution of financial industry in western provinces and regions of China are comparatively similar.2.Human geography factors such as medical treatment,science and technology and education expenditure can better explain the performance of financial industry development level in western provinces and regions.3.In addition to human geography factors,talent environment and natural geographical conditions can also explain the development level of provincial financial industry.4.In the regression analysis,the main factors affecting the level of financial development of western provinces and regions in China are human geography,talent environment,physical geography and policy environment.Among them,human geography is the most influential factor,followed by talent environment,and physical geography is the last factor,among which policy environment has a negative impact.Finally,combined with the analysis conclusions and empirical analysis results of each chapter,this paper puts forward more constructive suggestions on how to improve the financial development level of western provinces and regions in China from the perspective of financial geography.