Financial Development Research Based On The Financial Efficiency Of The Central Plains Economic Region

Since the reform and opening up, the Pearl River Delta region and the Yangtze River Delta region inChina lead in development, then the government put forward strategy of “western development” and“perking up the northeast industrial park”. In this process, the central region has been in a regionaleconomic development weak position. After2010, the central region also aware of the difference of itseconomic and developed areas, and offered to build “Central Plains Economic Region” and won thesupport of the central government’s initiative, and in2011rose to national strategies.Finance is the core of modern economy, is a key factor in promoting economic growth. According tothe theory of financial development, there are a complementary relationship between economicdevelopment and financial development. Central Plains Economic Region to the rapid economic rise,largely depends on the strong support of the financial system, so the research is very necessary for thedevelopment of the whole financial situation in the Central Plains Economic Region, but the financialsystem is a large and complex system, in order to achieve a comprehensive and detailed analysis is verydifficult, so the angle of the paper selected financial efficiency analysis and appraisal of the financialdevelopment of the Central Plains Economic Region. The financial efficiency concept comes from thetheory of financial development in the West, Western scholars and financial efficiency spun off a separatestudy, so the concept of financial efficiency in the theory of financial development is more one-sided. Inthis paper, point of view based on the doctrine of the financial resources of the domestic scholars, financialtreated as a resource is a scarce resource, it is a country’s basic strategic resources, which provide a solidtheoretical foundation for the study of financial efficiency. And then from the Central Plains EconomicRegion of the actual financial developments, combined with the study of domestic scholars on financialefficiency evaluation index, proposed to solve the financial development of central economic regionevaluation index system of financial efficiency and the calculation method of each index.By the large amount of data collected in the framework of financial efficiency evaluation indexsystem to analyze and evaluate the financial efficiency of the Central Plains Economic Region development,the use of statistical analysis methods for statistical analysis, respectively, from the two levels ofmacro-financial efficiency and micro-finance efficiency describe Central Plains Economic Region’s macro financial development and micro-finance development. In addition, this paper selects a representativedomestic regional economic development of pioneer--Pearl River Delta city group, comparative analysiswith the development of the financial efficiency of the Central Plains Economic Region. Also from twolevels of micro-finance efficiency and macro-financial efficiency, financial efficiency index of the PearlRiver Delta city group and the Central Plains Economic Area were analyzed, and pointed out that the gapbetween the Central Plains Economic Region, the comparative analysis of the two regional economy andtheir respective strengths and weaknesses.In this paper, the fifth part still from macro and micro analysis of the factors affecting the efficiency offinancial. Macroeconomic factors affect the financial efficiency of the article discusses from the economicbase, financial operation system and financial ecological environment; microscopic aspects from thebanking system to affect the financial efficiency of property right system, asset quality, bank scale andhuman resource issues are analyzed. Finally, put forward some suggestions on the policy to improve theefficiency of financial development of Central Plains Economic Region that the central economic zoneshould be the financial efficiency from the following aspects: to reinforce economic foundation of CentralPlains Economic Region, provides a powerful backing for financial development; further accelerate thefinancial market liberalization process, accelerated integration into the global financial system; establish agood financial ecological environment, security area of Central Plains economy financial healthydevelopment; guide to strengthen micro-finance entities, and further enhance the financial efficiency of thefinancial institutions; strengthen The financial support of the Central Plains Economic Region to encouragefinancial innovation.