The Relation Of Regional Finance Development And Regional Economic Growth In Northeast China

With the further developing of reform and opening up in our country, the regional development strategy has become a priority. Form the overall situation and long-term sake of developing, the State Council have implemented the western region revitalize, the northeast old industrial base, the development strategy of the eastern region and the central region first to lead the others. Regional development strategy is based on the region of natural, economic, social conditions, co-ordination between the various interests, to address regional development priorities and difficulties. Regional development strategies in accordance with comparative advantage is to avoid blind construction and industrial convergence, to form a multi-level growth, to play a central role in radiation and to lead to co-ordinate the allocation of resources.As an essential element of economic development, financial elements can provide a strong impetus for economic development. Experience shows that regional finance support can not be separated from the regional economic. Financial factors can accurately grasp the demand of the market, the position of market service, the allocation of market resources. In accordance with the laws of economics, providing financial intermediation and financial services to achieve effective supply of financial service, to avoid economic and financial structural problems, to prevent the loss of function from the economic and business risks. Therefore, the researching on regional finance and regional economy relevance, the correct understanding of regional finance and regional economy relationship, to maximize the promoting role in the finance and economy, to minimize the avoiding on the financial and economic dilemma, have got the great theoretical and practical significance for regional sustainable development.This article is putting the focuses on coordinated development between the regional finance and regional economy on the three provinces of Northeast China. We can draw a conclusion that the situation of regional finance on the region’s economic growth and the expansion and development on financial proportion will affect the economic development effectively, by analyzing the total deposits and loans in the financial industry and the current cash balance on matching the balanced regional development. Playing the advantages of regional financial sector and improving the financial sector and focused system can effectively improve the region’s economic growth. The economy of the country would have been better and more rapid development by different characteristics in the regional financial environment of the entire financial system. This article is composed of five parts:first, the introduction in which have described the research background, research methods and textual structure. The second chapter in which have introduced the relevant conceptions and the basic theories. The third chapter in which have analyzed the financial and economic development on three areas Heilongjiang Province, Jilin province and Liaoning Province. Through the historical data of sorts we can conclude that the regional finance and regional economy trends in the larger relevance of features. The fourth chapter by selecting measurement analysis software and the establishment of multiple linear regression model, choosing GDP as the dependent variable, selecting the cash income of financial institutions and financial institutions cash expenditure explanatory variables, to analyze the relevance between regional finance and regional economy in three areas Heilongjiang Province, Jilin Province and Liaoning Province. The fifth chapter is based on the empirical analysis, putting forward in the three provinces of Northeast China regional finance and regional economy relations on the measures and the recommendations. The sixth chapter draws the conclusion about the article.