| Since the country announced its implementation of the western development strategy in 1999,it has lasted for more than 10 years and achieved outstanding results.But the economic less-developed areas in China are still concentrated in the west.The economic and financial development of the economic less-developed is mainly dependent on government-oriented,because of the historical conditions,geographical location,technological level and many other factors.By contraries the economical developed areas are market-oriented,which has led to the spontaneous development of financial resources to economically developed areas.The economic and financial development of economically developed regions is becoming faster and faster,and the gap between the development and underdeveloped areas is getting bigger and bigger.At the same time in the less developed areas within the jurisdiction of the region there is also the economic and financial development of non-equilibrium.Qinghai Province is a typical example,which is located in western China.The province's complex terrain,frequent natural disasters,traffic is not convenient,which led to poor initial economic income in Qinghai Province.Qinghai Province consists of two cities and six autonomous prefectures,of which Xining City is the capital city of Qinghai Province,which occupied almost 50%of GDP in Qinghai Province and hold centralized credit and other financial resources.While Yushu State,with poor economic performance,which occupied less than 10%of GDP in Qinghai Province and with scarce financial resources,low coverage or even blank in some areas of financial institution service network.Therefore,the unbalanced matching of financial resources has further deepened the imbalance degree of economic development,seriously hindering the pace of economic development in Qinghai Province.Of course,this is also the obvious feature of economic development in the whole underdeveloped areas.The optimization of financial structure can play an important role in promoting the financial development.Therefore,the flow of financial resources between regions can be propelled through the optimization of financial structure,and thus promote economic development,then alleviate the imbalance between regions.Therefore,this paper aims to explore the economic development of economical less-developed areas,and then improve the financial structure to promote the role of economic development,reduce the degree of imbalance in economy financial development.The research contains eight chapters,which is laid out as follows:Chapter one is the introduction.This part mainly introduces the research background and research significance of the article.Determine the research methods of the article,establish the article's research content and the definition of related concepts.According to the research methods and contents,the research ideas and research framework of the paper are determined.In the end,the author expounds the possible innovation points and shortcomings of the article.Chapter two is the section of theoretical basis and literature review.Firstly this part illustrated the relevant theoretical basis of this paper,and then summarized and commented on the research results of scholars domestically and abroad,identified main direction and contents of this paper at last.Chapter three is the internal logic analysis of financial structure optimization and economic development.This part mainly analyzes the internal relationship between financial structure optimization and economic growth and economic development through economic theory model.It is believed that the optimization of financial structure mainly promotes economic growth through three channels,namely,raising the saving rate,increasing the ratio of savings to investment and improving the marginal output rate of capital.At the same time,it also points out that the optimization of financial structure and economic development are dynamic evolution relationship,and the function of different forms of development is different.In the early stage of economic development,the per capita income level is small,can not form an effective savings.Therefore,it is suggested that fiscal policy should be the mainstay,with financial means to strengthen the economic and financial infrastructure construction,increase the disposable income of residents;in the economic growth stage,the financial structure optimization goal is to enhance its ability to mobilize the savings;in the rapid economic growth period,Should be through the financial structure of the refinement and division of labor to complete their different sizes of enterprises and different industrial structure of the financing needs match;in the industrial structure transformation and upgrading period,the financial structure optimization should promote the upgrading of industrial structure,but also embodied in the financial structure upgrade.Chapter four analyzes the present situation of financial structure in underdeveloped regions of China.First of all,this part constructed a financial evaluation index system which contains four indicators:overall financial structure,financial market,financing structure and financial institutions,and then analyzed financial structure of the status quo of economic underdeveloped areas in Yunnan-Guizhou region,including Qinghai,Xinjiang and Tibet region,Guangxi region in Gansu province.It was specifically divided into three levels.Firstly,it divides Qinghai province into Xining city,Haidong city and Qinghai Tibetan regions,demonstrates the similarities and differences of the financial structure among three areas through comparative analysis.Secondly,based on the situation of Qinghai Province,the financial structure of the underdeveloped areas was studied in the case of Yunnan and Guizhou,Xinjiang and Tibet,Guangxi and Gansu.Thirdly,the representative groups of Yunnan,Qinghai and Tibet as the less developed regions were selected,and Shanghai,Guangdong and Jiangsu were selected as the representative groups of economically developed regions,and the financial structure of the two groups was compared and analyzed.It is found that economically developed regions outperformed less-developed regions,whether in financial markets or financial institutions.In other words,financial market and financial institutions of our country show regional imbalance in promoting economic growth.Chapter five:the Evaluation of the Effect of Financial Structure in Underdeveloped Areas-An Empirical Analysis Based on the Data of Qinghai Province.This paper analjyzes the effect of financial structure in Qinghai Province which including three aspects:mobilization ability,promotion of industrial structure optimization effect and economic growth effect,in which the savings capacity guarantee is divided into savings rate,savings investment conversion rate and capital marginal productivity.It is found that the performance of the data in Qinghai Province is good,especially the marginal performance of capital performance is in line with the facts;Second,in promoting industrial structure upgrade,deepening financial structure layer,and the financial structure transformation index has a role in promoting,but the effect is not obvious.And in the aspect of economic growth effect of financial structure in Qinghai,the financial structure deepening indicators and financial intermediary index indicators are negatively correlated,only the financial structure transformation indicators and insurance depth indicators have positive effects.By refining the facility area of Qinghai province into two city,six states while it is found that the performance of financial intermediation index is uneven,thus it come to a conclusion that there is a serious imbalance in the internal financial structure development of Qinghai province.Chapter six:the exploration of theoretical hierarchy of analysis of influencing factors and development path.First of all,This part analyzes the mechanism of the factors influencing the optimization of financial structure.And then through the analysis of the mechanism of the' optimization of the financial structure of the mechanism that the geographical position,economic base,enterprise size,industrial structure,government policy and other common role makes the economically underdeveloped areas formed the current economic and financial structure imbalance.Therefore,this paper puts forward the basic path for the optimization of financial structure in economically underdeveloped areas,namely hierarchical financial structure optimization theory,which includes two levels:one is to classify the less developed areas in accordance with the relevant economic indicators according to the level of economic development,at the same time optimize the financial structure according to different levels of optimization.The second is to build the provincial financial center according to the degree of economic development,meanwhile establish a gradient of financial resources circulation level according to the financial agglomeration index,to exert the financial radiation effect of financial center to promote the circulation of financial resources in the whole province.Chapter seven:Analysis on the Optimized Path of Hierarchical Financial Structure in Underdeveloped Areas,Mainly in Qinghai Province as a research sample.Mainly for the previously proposed hierarchical financial structure optimization theory,according to the three major industrial added value accounted for the proportion of GDP as well as financial intermediary rate,graded the areas of Qinghai Province,which include Xining,Haixi,Haidong,Hainan,Haibei,Huangnan,Yushu and Guoluo,and gave each corresponding level of financial structure optimization goal.And then combined with the regional financial agglomeration degree indicators,as well as their respective geographical location,this part constructs the financial resource circulation gradient structure of Qinghai Province,Xining is the financial center city,the first gradient includes Haidong,Hainan,Haibei and Huangnan;Two gradient Guoluo state,Yushu state and Haixi state.And established the distribution channels of financial resources.Finally,combining the hierarchical grading and the distribution of the distribution channels to establish the regional financial structure optimization path.Chapter eight focuses on the conclusions and policy recommendations.First,it summed up the conclusion of the full text of the study.Second,It put forward the proposed financial structure of less developed areas of policy recommendations,from the central and local aspects.The paper puts forward the financial structure of the three aspects from the macro perspective of our country,give full play to the government's macro-control function,implement the differentiated financial macro-control policies and promote the formation of the financial center in the western region.And from the perspectives of government,make suggestions including strengthen the financial infrastructure construction,diversity training support type on the layer classification of the financial institutions,optimize the financial structure,financial structure optimization should be relative to meet with the principal part of industry and economic issues such as financial structure optimization.Based on the elaboration of research contents above,as well as the establishment of research methods and research framework,the author has condensed the innovation point of this paper into two points:Firstly,the paper proposes the hierarchical financial structure optimization method.It contains two levels:one is to classify the less developed areas in accordance with the relevant economic indicators according to the level of economic development,at the same time optimize the financial structure according to different levels of optimization.First,the economic development is divided into four stages,the early stage of economic development,growth period,rapid increase period and economic structure upgrade period,and put forward different financial structure optimization goals for each stage.In the early stages of economic development,Instead,we should actively build economic and financial infrastructure and promote economic development through fiscal policies,thereby increasing savings.The main proposes in the economic growth period is to optimize the financial structure of the mobilization of savings capacity,while in the rapid economic growth period is through financial product innovation and improve the financial institutions and the division of the market in order to achieve the financial structure and different enterprise scale and industrial structure to match with.In the transition period of economic structure,the optimization of financial structure is to realize the transformation of financial structure.The second is to build the provincial financial center according to the degree of economic development,meanwhile establish a gradient of financial resources circulation level according to the financial agglomeration index,to exert the financial radiation effect of financial center to promote the circulation of financial resources in the whole province.Secondly,this article takes Qinghai Province as the research object,through the economic and financial indicators,classified the regions of Qinghai Province according to different stages of economic development level,at the same time put forward their own financial structure optimization goals and measures.And then proposed that set up Xining City as a financial center,construct a distribution framework of graded financial resources.Finally,according to the above stratified financial structure optimization ideas,combined with the actual situation in Qinghai Province,this paper proposed a specific Qinghai financial structure optimization path.There are some shortcomings in this paper:Firstly,according to the economic and financial characteristics of economically underdeveloped areas,the author puts forward the method of hierarchical financial structure optimization.It contains two levels:one is to classify the less developed areas in accordance with the relevant economic indicators according to the level of economic development,at the same time optimize the financial structure according to different levels of optimization.The second is to build the provincial financial center according to the degree of economic development,meanwhile establish a gradient of financial resources circulation level according to the financial agglomeration index,to exert the financial radiation effect of financial center to promote the circulation of financial resources in the whole province.Secondly,this article classified and graded various regions of Qinghai Province only based on their actual situation of economic development,taking the financial intermediary rate and the proportion of the three major industrial structure indicators into account,and then made a preliminary analysis.This is mainly because the economically developed areas of economic development is uneven and the imbalance of financial structure is obvious.However,and other regions of our country does not necessarily have the same characteristics with economically underdeveloped areas.Therefore,the grading in the economic development level indicators need to be further refined. |
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