An Analysis Of The Way Of Financial Integration In Beijing, Tianjin And

In recent years,China’s economic growth rate keeps a high level. As the core hub of the Bohai Sea region, the economy integration of Beijing-Tianjin-Hebei region has been developing rapidly and becoming a "third pole" of economic development, following the Pearl River Delta, Yangtze River Delta region. In 2014, the collaborative development of beijing-tianjin-hebei region has been rised to the height of national strategy, which brought more opportunities and space to the development of the beijing-tianjin-hebei region. The integration development of Beijing, Tianjin and Hebei requires regional economic cooperation,especially financial development together. In this way comprehensive financial services is necessary. Therefore, it has practical significance to study the regional economic integration and find effective financial cooperation mechanism which can promote the development of beijing-tianjin-hebei region.In this paper, relevant research is reviewed and regional financial integration theories are introduced firstly. The necessity and feasibility of regional financial development in Beijing, Tianjin and Hebei are expounded in detail around beijing-tianjin-hebei characteristics, internal requirements, and the direction of the regional economic development. Then the financial departments and financial integration degree of the beijing-tianjin-hebei region are analyzed deeply, the result shows that the imbalance of the economic and financial development is due to the following factors but not limited to: unclear orientation of financial integration, more competition than cooperation, artificial block of department functions, the lag of financial infrastructure construction, and the lack of effective cooperation pattern. At the same time, according to the experiences and lessons of regional financial integration development both at home, this paper analyzes the present situation of the beijing-tianjin-hebei economic zone, and discusses the development model of financial integration in the beijing-tianjin-hebei region. According to the comprehensive analysis, this paper presents related strategy: the regional financial center can be assigned to Beijing, offshore financial market can be developed emphatically in Tianjin where the ability of financial innovation can be improved greatly, and financial background service business can be well done in hebei. Besides, some suggestions are given to improve the beijing-tianjin-hebei financial ecological environment, set up the concept of win-win cooperation and establish regional financial development agencies and special funds.