China’s Regional Financial Development Level Differences Research

Finance is the core of modern economy, influence economy development isone of the most important factors, the financial development level of a country orregion’s economic strength, so the financial development level of the at home andabroad has been a hot topic. Domestic and foreign scholars from different angles onthe financial development level to undertake study, reached a lot of achievements.Thecountry has put forward the "four development strategy (" take the lead in thedevelopment of the eastern, western big development, the revitalization of thenortheast, mid rise abruptly) and from the four areas, with Jimmy Smith presents therelated financial ratios as the index, in1992-2010years time to study, the domesticand foreign scholars research foundation on the combination of financial developmenttheory, to China, regional financial development level undertook metric. This paperfirst on the level of financial development theory of the system of review, outline thetheoretical foundation; and then based on the data of a large number of collection,collation and analysis, reached the eastern regional financial development levelhighest, mid second, third in the west, northeast the lowest status. Then using theTheil index and decomposition of Chinese regional financial development leveldifference undertook metric analysis, found China regional financial developmentlevel differences in1992-2010years show "U" word to. Using qualitative andquantitative methods on Chinese regional financial development level differencereason undertook an analysis, proved China regional financial development leveldifference is exogenous factors (factors) and internal factors (growth rate) iscommon the result of action, combined with their research gives some contractibleChina regional financial development level difference countermeasures andsuggestions.