The Revitalization Of Northeast Old Industrial Base Of Financial Support

As the gradual implement of revitalizing the old industrial base of the Northeast, finance, as a stimulus, plays a very important role to the development of the economy in northeast area. The revitalization of the old industrial base of the Northeast could not complete without the support of the modern financial system. But the comparative underdevelopment of the financial level in northeast area restrains not only the performance of its stimulating function but also hinder deeper development. We must raise the financial level of development if we are determined to revitalize the old industrial base of the Northeast. But with the existence of the market failure, it could not raise the financial level of development in northeast area only with the adjustment of the market mechanism. Government must make policies on regional finance in order to stimulate the development of finance and regional economy. The revitalization of the old industrial base of the Northeast is very crucial at this very moment, so how to stimulate the development on finance in order to perform its stimulating function well becomes the must-be resolved problem. This paper begins with the regional economic theory on development and financial theory on development, and it tries to make reference through the theoretical analysis and the successful experience on regional exploration from all over the world.Firstly, the paper introduces regional economic theory on development and financial theory on development which supply theoretical basis to the advisement on the following policies. The elaboration to the regional economic theory on development mainly includes the theory of circulatory accumulation, theory of vicious poverty circle, strategy of unbalanced development, theory of development pole, and theory of gradient development, which study the relationship between the development of regional economy and finance. The elaboration to the financial theory on development includes the theory of financial structure, theory of financial intensification and theory of financial restrict and credit, which study the financial development and its relationship with the development of economy.Then, this paper gives an experimental conclusion on the financial support to Shenzhen Special Economic Zone and the development of the western America. Although differences on regional economic form exist and the successful experience may not function in another place, it could more or less give people some references and lessons, which may work as the reference to the making of the financial support policy to the old industrial base of the Northeast. The third part of the article 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 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 a that the finance promotes the development of economy role, must take measures to promote the development of finance of the Northeast .The paper focuses on 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 regional economy makes it even more difficult to give strong financial support to the development of economy in northeast area for the making of macro policy on finance, or even in some circumstances it hinders the development of...