Research On Early Warning Of Regional Financial Risks In Heilongjiang Province Based On KLR Signal Analysis Metho

Establishing an efficient and stable financial system plays an important role in supporting economic development and ensuring the smooth operation of the national economy.Currently,China is in an important transition period of high-quality economic development,and effective prevention and resolution of major financial risks is of great significance to ensuring the smooth operation of the national economy.Regional financial risks spread quickly,have great harmfulness,and are highly hidden.With the continuous accumulation and superposition of regional financial risks,it is easy to break through controllable boundaries,trigger large-scale financial shocks,and even cause the outbreak of financial crises.Therefore,strengthening the monitoring and early warning of regional financial risks and preventing their further spread have become an important issue of academic concern.Heilongjiang Province is located in the northernmost part of the motherland and has a very important military and strategic position.Compared to economically developed provinces,the financial development level of Heilongjiang Province is relatively backward,the construction of the financial system is not perfect,there are many difficulties and challenges in the process of economic development,and financial risks are highly endogenous.In order to further implement the prevention and resolution of financial risks and optimize the financial and business environment of Heilongjiang Province,this article takes Heilongjiang Province as the research object,and strives to select appropriate regional financial risk early warning indicators based on a good theoretical analysis,combining the problems and risks existing in the economic and financial operation process of Heilongjiang Province,as well as changes in the financial institution system within the province,Establish a regional financial risk early warning indicator system that conforms to the actual situation of Heilongjiang Province.At the same time,through comparative analysis of various early warning models,this study will comprehensively use entropy weight method and KLR signal analysis method to conduct early warning empirical analysis of regional financial risks in Heilongjiang Province based on the 2016-2020 financial data of Heilongjiang Province,adhering to the principles of science,rationality,and objectivity.The empirical results show that the regional financial risks in Heilongjiang Province are in an early warning state from 2016 to 2020;And the risks mainly come from the macroeconomic and regional economic levels,while the financial market level has a low degree of risk.This is related to the domestic economic downturn and the poor economic operation of Heilongjiang Province during the COVID-19.Finally,this article proposes several suggestions and countermeasures for the existing problems,mainly including transforming the economic development mode,improving the construction of multi-level capital market system,improving the financial risk management system in Heilongjiang Province,and comprehensively improving the service quality of financial institutions starting from financial innovation and talent team construction.