| Resource-based region is which has natural resource endowments, with naturalresource development, processing and transport as the main driving force of economicgrowth. Human life is inseparable from the production and investment of naturalresources, resource-based region also made a great contribution to the economicdevelopment. However, with the fossil energy-based non-renewable resources graduallydepleted, our country’s resource-based regions have suffered "resource curse" and thedevelopment of fatigue, but also with economic structural imbalances, town slowprocess, the gap between rich and poor is widening, environment has been severelydamaged, affecting the sustainable development of resource-based regions seriously,and even caused a huge pressures to macroeconomic, transformation of economicdevelopment pattern is imminent. With the attention on the resource-based regions’development issues and constant attention to the deepening of academic research, aswell as the successful experience of foreign countries, policies and measuresimplemented in resource-based regions and achieved some success, but did not fullyresolve the fundamental development of resource-based regions. Finance is the core ofmodern economy, its configuration of resources and the mobilization of other economicresources has been recognized, monetary policy has also been included in theresource-based regional transformation of economic development policy system.However, the existing monetary policy is based on the existing financial systemproposed, lacking of financial system dynamics study. The financial function theory ischanging the path of theory of finance, financial functions are senior financial resourcesexist, once developed, it has good stability, as a guide to improve the financial system,will make financial core and guiding role into full play, enhance the level of resourceallocation of resource-based regions, also make a faster way to achieve thetransformation of economic development pattern.The paper seeks a more accurate way to define the resource-based region, by usingthree indicators including resource abundance index, the proportion of resource-basedindustries’ investment, the proportion of resource-based industries’ employing, andselect five typical resource-based regions as samples from the provincial regions.Secondly, find a clear meaning of the transaction of economic growth pattern onresource-based region, it’s purpose is to make objectives more clearly, touch the essenceof economic growth pattern on resource-based region. The speed of economic growth is no longer a critical issue, but to achieve a quality of economic growth by reducing costs,optimizing the economic structure, improving the coordination of economic and socialdevelopment. By optimizing the driving force of economic growth at the same time,reduce dependence on natural resources.Comparing the resource and non-resource-typeregion developed areas, can be found through joint development between regions canachieve the complementary advantages of both, can provide external power to supportthe transaction of economic growth pattern on resource-based region. Then based on thefinancial function theory and financial resources theory, pointing out that the financialresources is the top resource of financial resources system, along with economic andsocial development, financial functions will continue to evolve, As long as itsreasonable development, designing more efficient financial system will make thetransaction of economic development pattern on resource-based region more effective.In this paper, based on the hierarchical relationship between financial functions,Through the analysis of typical resource-based region financial function of evolution,comparison with the developed regions, the theoretical conclusions is that “Financialdevelopment is the financial functions development, the evolution is driven by theendogenous mechanisms, coordination mechanism, and the efficiency mechanism,financial functions evolution including horizontal evolution, namely the evolution offinancial functions to achieve efficiency gains, and vertical evolution namely theimprovement of financial function system. And preliminary estimates, in currenteconomic and social conditions, finance has the function of transforming the economicdevelopment pattern. On this basis, decomposing the finance function to economicgrowth mechanism, structural optimization mechanisms, power of developmenttransmission mechanism and efficiency of implementation mechanisms, usingtheoretical models and logical reasoning to prove the finance function of transformationof economic development is effective.Empirical Analysis section select five typical resource-based regions as sample,and compared to Shanghai.First made the index of transformation of economicdevelopment by using the method of PSR and Comprehensive Index, for the evaluationof the level of transformation of economic development. The results showed that theability of all resource-based regional transformation of economic development in recentyears has improved, but there are big gaps compared with the developed areas. Afterthat, established a time-series/cross-sectional data model, quantifying the financialfunction indicators, based on the quantitative indicators. Empirical analysis showed that the finance basis functions and market level had a significant positive relationship withthe transformation of economic development pattern, there are a significant inverserelationship between the loan rate, the NPL ratio and the transformation of economicdevelopment pattern, the relationship between capital markets, financial risk preventioncapabilities, level of education and transformation of economic development pattern isnot significant. It’s showed that the Financial locking phenomenon is still quiteprominent, results of risk prevention function is poor, the level of market can promotethe transformation of economic development pattern.Finally, put forward countermeasures to promote resource-based region’s economicdevelopment pattern in two ways, improving the financial system itself and supportingpolicies. Adjust the business model of commercial banks, using it’s informationadvantages, develop commercial banks’ direct financing business in order to eliminatefinancial locked. At the same time, develop the direct financing channels orient capitalmarket, Extend financial hedging business areas, establish the fund of promoting thetransaction of economic development pattern, improve the competitiveness of financialinstitutions. Supporting policies is to promote market of financial and price of resources,establishment of development and economic, social, corporate finance coordinationmechanism, establish the coordination mechanism between finance development andeconomic, social, corporate. And achieve the flow of factors rationally between theresource-based region and developed areas by undertaking the transformation ofindustry, finally achieve the the transition of economic development pattern ofresource-based region and developed areas synchronous.The main innovations of this paper are：(1) Discussing the specific areas’financialdevelopment and economic issues with the perspective of financial function. Avoid theinfluence of the increasing complexity of the financial system, using the financialfunction as a starting point, analysing changes of financial system in future is aninnovative research perspective. Based on carding the evolution process ofthe financial function in the resource-based region, obtained the results is that theevolution of financial function is driven by three power: the inner mechanism,coordination mechanism, efficiency mechanism, therefore, financial function presentsthe development trend of horizontal and vertical evolution, resource-based region willrise the financial function of changing the way of economic development eventually.(2)Through the establishment of the theoretical model and deductive reasoning method, Decomposed and demonstrated the mechanism of the resource-based regions’transformation of economic development with financial function perspective.(3)Basedon the achieve efficiency of financial functions in the resource-based region, try toestablish a quantitative analysis system of financial function, and than made a empiricaltest of the relationship between them.
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