Countermeasure Research On The Financial Bottleneck In Jilin Province

The thesis, first of all, takes a positive analysis on Jilin Province's development of banking, securities and insurance industry, the configuration of the capital of permanent assets as well as the scale and composing of foreign capital in use, then, elaborates analysis and evaluation on the financial competition ability and the development of regional finance of the province employing financial correlation rate index.By the analysis, we can reach to the following elementary opinions: Jilin's finance industry, although developed on certain level, drops behind the developing of national finance, thus the promoting role of the finance to the economy has been limited, basically manifested by: scarcity of the total accumulated capital, insufficient attraction to capital, the high risk and low efficiency of the configured capital, which have now turned into the bottleneck of the economic development. This financial restriction represent themselves by: lack of fund leads to deficiency of economic development impetus; low transforming rate from savings to investment is standing in the way of forming capital; finance and economy is running with more risk due to excessive relying on indirect financing; the centralization of the capital is unfavorable to optimize the industrial structure, to balance economic development and etc.According to basic views of financial development theory, the general status of economic development determines that of financial development, at the same time, the status of financial development restricts that of economic development. As one of China's old industrial bases, the problems like the inconsequential economic structure, the slowly adjustment of industrial structure and the lag of national enterprises reform, have made Jilin's economic development at a comparatively decline. The low level of economy will consequentially restrain the financial development, while this one retroacts on the economy, which has becoming a malign circulation. That Jilin's lag of financial development has reasons mainly as follows: the fact that citizens' controllable incomes hardly increase results in scarcity of the capital total; the enterprises have low economic performances and financing channels are confined; the economy's developing with low efficiency accompanied by capital outflow; the development of the non-public sector economy disfavors the diversity of finance system; the shortened credit makes it harder and harder to get a loan.Aiming for solving Jilin's financial bottleneck, we have several suggestions:First, it's crucial that the Government should lead a dominant role in promoting the economic and financial development, so that economy and finance can reach to a benign interaction;Second, except for making active use of preferential policies the Government has given to the Province, requesting for more policies of this kind, especially those related to regional monetary finance which accord with Jilin's situation;Third, standardizing civilian loans in order to abate the short supply of credit fund: Forth, developing multiple regional financial institutions to the service of regional economic development;Fifth, perfecting the social credit system, building a benign financial environment;Sixth, creating economic growth point and elevating the ability to absorb capital;Finally, establishing a regional finance centered on the city of Changchun and complemented by the city of Jilin, and more, striving for extending it to a regional financial centre of the Northeast area. This regional financial centre will accelerate the growing of the regional economy, and produce higher economic growth rate, which will arouse constant financial innovation and promote financial development that leads to another economic growth point. In this way, having mutual positive effects, the economic growth and the financial development will grow in a benign circulation.