The Study Of The Regional Finance Maturity In The Northeast Of China

Since the implementation of developing the old industrial base of the Northeast, the demand to the financial support to promotion of the Northeast is more and more urgent. Theory and practice indicate that the promotion of regional economy can't leave the development of the regional finance. The later is important factor to the former. However, the relatively low financial level in the Northeast of China has restricted the function of finance extremely that supports the development of the Northeast economy. Therefore, how to stimulate the development of finance in Northeast has become an important problem that should be solved as soon as possible. This paper bases on Economics theory, makes reference to the successful experience in regional developments domestic and international, and according to the conditions of the finance in the Northeast, and finally, proposes concrete measures on financial support to the development of Northeastern economy.Chapter One in this paper introduces relevant theories of classical economics, relevant theories of development economics and financial theories on development, which supply theoretical basis to the financial support to the promotion of the old industrial base of the Northeast. Relevant theories of classical economics include Adam Smith's viewpoint about capital and Harrod-Domar Growth model. Relevant theories of development economics include R.Nurkse's theory of vicious circle of poverty, W.W.Rostow's theory of the Stages of Economic Growth, Lewis-Fei-Ranis Model, and Nalson's theory of low-level equilibrium trap. Financial theories on development include Goldsmith's theory of financial structure, and McKinnon& Shaw's theory of financial deepening. This chapter then illuminates directive significance of these theories on financial support to the promotion of the old industrial base of the Northeast. At last, this chapter illuminates important effect of regional financial development on regional economic growth.Chapter Two has introduced the operation conditions of the finance of the Northeast. The financial system should give the function of supporting better while revitalize the old industrial base of the Northeast, health , stability that iv must guarantee the financial system oneself at first, otherwise, will inevitablely restrict the financial support ability to economic development. The finance of the Northeast has the problem that some can't ignore, shown in the following several aspects mainly: The financial system fund receives ability low; it is unreasonable that the finance is organized; the development of financial market is slow. In order to promote the development of the old industrial base of the Northeast, play that the finance promotes the development of economy role, must take measures to promote the development of finance of the Northeast.Chapter Three puts forward the suggestion on the financial support policy to the old industrial base of the Northeast. As regional differences have taken the place of the consistency of our economy, the unbalanced characteristics in the moving of regional economy are more apparent than before. The unbalanced development of...