Chang - Zhu - Tan Financial Integration

Changsha, zhuzhou and xiangtan is good economic basis of hunanprovince and agglomeration in east-central three cities, the provinceapproved by the state council in2007for the comprehensive reform pilotarea, the implementation of urban agglomeration economic regionalintegration development, at present has become the impetus of hunan"engine" of economic backwardness catch up. Accordingly, changzhutanregional financial integration, then the financial resources in theregion tend to be barrier-free flow, financial returns tend to beconsistent, to eliminate all financial institutions in the region ofregional regional policy difference treatment requirements, such as topromote regional financial allocation efficiency and the development ofthe real economy..This article through to the financial, regional finance and regionalfinancial integration of the concept definition and a step by stepaccording to the related theories, that financial resources in the areaof the free flow of process is the process of finThis article through tothe financial, regional finance and regional financial integration of theconcept definition and a step by step according to the related theories,that financial resources in the area of the free flow of process is theprocess of financial integration development, because the pursuit ofhigher in the territory to the result of the marginal rate of return willmake the financial resources to have consistent yields, and financialefficiency will be improved, financial allocation will be more reasonable.This article through to the performance of the changzhutan regionaleconomic integration analysis combined with the contrast of the Yangtzeriver delta economic integration, found that the changsha city "adominant" the polarization effect, but this is largely because thechangzhutan three city economic development level differences, namely theeconomic backward area (i.e., zhuzhou and xiangtan city) outflows fromlocal agglomeration to economically developed regions. For this reason,this paper argues that it is necessary to changzhutan integration offinancial necessity and feasibility to review mechanism. And to formregional financial integration development important internal mechanism of the government behavior, large commercial Banks behavior, localcommercial Banks behavior, and the operation of the direct financingmarket normative analysis.Important conclusions of this paper is: the changzhutan regionaleconomic integration and financial integration is complementary to eachother, the relationship between economic integration and financialintegration in a certain degree to adapt to, between regional economicintegration and the relationship between financial integration, thegovernment promote changzhutan integration planning and integration ofthe financial trend after movement of changzhutan financial integrationprovides the internal mechanism. Different from the European Union,financial integration, the Yangtze river delta to the implementation ofthe changzhutan financial integration early because of the reality in thethree cities, the widening gap between economic development and the needto zhuzhou, xiangtan district in changsha city within a period of timesufficient financial resources of the whole region of the flow of thefinancial resources returns tend to be consistent, to achieve balance;Main policy recommendations is: through the government behavior,large commercial Banks demands for large project financial resources inthe area of solutions, local commercial Banks to small enterprises, thediversification of personal financial business services, directfinancing market play its money fast reasonable configuration and highyield advantage, regional coordinated development, four main body tocreate long-term benefit sharing mechanism, to remove obstacles ofregional financial resources flow, improve the regional financialefficiency, optimize allocation of regional finance, the deepening offinancial integrationMain innovation points are: domain to consider the financialintegration in the same province, it has both economic developmentimbalance to the disadvantage of financial integration difficult, andhave the power split the financial resources to the advantage of financialintegration to eliminate obstacles.