Research On The Financial Sector Development In Zhuhai City

Along with rapid economic development, financial sector is growingprosperously and playing an increasingly important role in well-functioning financialsystem to safeguard and promote a long-term sustainable economy development of acountry.The first chapter review and conclude the research result on economic andfinancial development that showed regional economic development increasinglyneeds financial support; then the theory of regional financial; finally,according to thetheory of Financial Deepening and Financial Restraint, the theoretical framework ofthe mechanism of interaction between financial development and economic growth isstructured and analyzed.Zhuhai is one of Special Economic Zones in China, and it will encounter moreopportunities and challenges; therefore, financial sector will be a significant factor inthe economic development in Zhuhai. In order to obtain more experiences, it isnecessary to summarize and analyze the historical and present situation of thefinancial services industry in Zhuhai.The writer figure out four points via statistics:firstly, the development of financial sector is constrained because of low economicoutput; Secondly, there is a big lack of money which is resulted from a mass ofestablishments;Thirdly, the risk is still existing; Finally, the whole market is notoperated well referred to imbalance structure. Based on all these questions, the writerindicate some strategies for the future development on finance of Zhuhai. In addition,the writer also states the recommendations on promoting a new round of developmentwhich has important practical effect on local economy.