Analysis On Synergistic Relationship Between Urban Commercial Banks And Local Economic Development

In recent years,the overall strength of urban commercial banks has grown rapidly,making important contributions to the development of local economy,especially in solving the financing difficulties of local small and medium-sized enterprises.At the same time,the polarization trend of urban commercial banks is also becoming increasingly prominent.Benefited from the better local economic conditions,the urban commercial banks in the developed eastern regions develop rapidly,while them in the underdeveloped regions develop slowly due to the backward level of local economic development.With the continuous advancement of the "Western Development" and "One Belt And One Road" construction,the midland and western regions will usher in unprecedented development opportunities.In the meanwhile,urban commercial banks,which are the main force in serving the local economy,are also expected to achieve a leap,so the deepening of the synergistic relationship between the two will become more and more important.As the leading bank in the western region,Chengdu Bank locates in one of the national central cities,has established a great cooperative relationship with the local economic development in recent years,which has promoted the common development of both sides.Taking Chengdu Bank as an example,this paper studies the synergistic relationship between Chengdu Bank and the economic development of Chengdu,so as to provide some reference for other urban commercial banks and local governments in less developed areas.Based on financial development theory,economic growth theory,economic coordination theory and growth pole theory,this paper first expounds the synergistic relationship between urban commercial banks and local economic development.Then,based on the development background of urban commercial banks,the case of Chengdu Bank is introduced to analyze the synergistic relationship between bank and the economic development of Chengdu.In the process of case analysis,from the perspective of endogenous mechanism and institutional change,this paper discusses the development planning and the direction of government guidance of Chengdu,combined with the credit supply situation and business innovation achievements of Chengdu Bank.Combined with empirical analysis,first through the unit root test,co-integration test and granger causality test,it is concluded that there is a long-term co-integration relationship between Chengdu economic growth and the size of Chengdu Bank.Then the degree of synergy between the two is found to be relatively high.Finally,according to the case,the paper puts forward some suggestions:On one hand,urban commercial banks should make clear their differentiated positioning and attach importance to retail banking;At the same time,the less developed urban commercial banks can bring in strategic investors to enhance their own strength.On the other hand,local governments should take the lead in strengthening the credit system,making good use of urban commercial banks to serve local development,and building urban commercial banks into urban service brands.