Research On The Role Of Government In Local Financial Developmen

Financial industry plays an irreplaceable role in the modern economic society and plays a very important role in promoting the sustainable progress of society.At present,there are many factors closely related to financial development,among which the government is the most critical one,playing multiple roles such as "provider" of public services,"referee" of market supervision,and "planner" of economic regulation.Local government’s function to financial industry not only influences local financial development,but also affects local market economy development.Nowadays,government provides public services for financial development mainly by issuing all kinds of guidelines and strategies.R city government also implements multiple actions to spur repaid financial development,such as making program,fiscal guidance,and deepening reform.Nevertheless,R city still has some problems,like low labor force proportion,lack of local financial support and insufficiency of local financial supervision,inhibiting sustainable and repaid financial progress.So,for a better development of local finance,it is crucial important to optimize local government’s function by analyzing internal and external environmental impacts,and summarizing the problem and its causes.Taking R city as an example,taking the role of local government in the development of financial industry as the starting point,this paper first objectively analyzes the current situation of R city’s financial industry development,affirms some measures taken by R city government to promote the development of financial industry.Then using SWOT analysis,the author focuses on the government’s strength and weakness,opportunities or threats in promoting the development of financial industry.Finally,based on the theories of new financial development and new public service,this paper puts forward some target measures,such as increasing financial professionals,optimizing the financial ecological environment,deepening inform and innovation of local financial industry,and strengthening local financial risk prevention and control,so as to provide a reference path for the government to optimize its functions and innovate its system and mechanism,and help the financial industry of R city achieve sustainable and healthy development.