Financial Constraint Measurement In The Construction Of New Urbanization In China And Research On Countermeasures

As the only way of modernization and the inevitable result of industrialization,urbanization has been widely concerned by the society.Now,the construction of new urbanization has been elevated to the national strategic level,and has been listed as the most tasks of the "new four modernizations" and the work of the government.The new urbanization is to eliminate the previous extensive mode of development,and to promote the urbannization from the expansion of speed to the promotion of quality.Finance as a booster of economic growth,insufficient financial support has become the main obstacle that restricts the smooth development of new urbanization in China.To alleviate the "three one hundred million" urbanization predicament and improve the quality of urbanization in an all-round way,must strengthen financial supply,reform and innovate investment and financing system.Therefore,it is necessary to further study the relationship between new urbanization and financial development,and construct a modern financial deepening system which truly meets the requirements of new urbanization.This paper made a deep research from two aspects of theory and empirical.One is the theoretical analysis.Based on the related theories of urbanization and financial development,the mechanism between the two was scientifically defined,and new urbanization in the process of financial supply and demand as well as the contradiction between supply and demand were analyzed in detail.With the accelerating urbanization,the contradiction between financial supply and demand has become increasingly prominent,mainly including the supply and demand lager gap,disorderly structure,poor service,backward technology,thus restraining the orderly advancement of new urbanization.In view of this,it is necessary to make quantitative analysis on the constraint force.The two is the empirical analysis.Through the establishment of index system of multi dimension,the comprehensive level of new urbanization and financial development were measured by the improved entropy method respectively;the correlation degree of the population,economy,society,environment urbanization among financial scale,structure,efficiency were measured by the grey relational analysis method;the degree of influence of financial index to comprehensive level of the town was measured by the principal component regression analysis.Comprehensive empirical test results,it has a very strong relationship between new urbanization and financial development,and the degree of influence of financial indicators to comprehensive level of urbanization is low,and even individual indexes have a serious impediment to it,that finance in promoting development of urbanization but also to some extent on its cause the constraint.Based on the empirical results and the experience at home and abroad,in order to improve the effectiveness of financial support for new urbanization,the financial system must be reformed and deepened from various leading factors that impede the development of urbanization.Establish of multi-level financial system,expand the scale of the financial supply policy,innovate financing model,introduct of new products and services,optimize the quality of financial services,accelerate the capital turnover rate,ensure the rational and orderly flow of funds,actively implement the concept of green development,promote green finance and the real economy interaction,so as to eventually form a full coverage,market-oriented,multi-directional and sustainable investment and financing mechanism for urbanization.