Regional Financial Security Index Construction And Its Application Research In Zhejiang Province

Regional financial security index is an objective reflection of the security of regional financial operations, and can provide reference for the development of policies and strategies for the economic entities in the region. Especially since the 2008 global financial crisis, more and more complex factors on the regional financial security has formed a huge impact, how to quantify the regional financial security status and predict the development trend is worth studying, and the construction of regional financial security index is a feasible way.In the theoretical analysis part, the article includes the theory of regional financial security and the construction of regional financial safety index. The basic theory part begins with a detailed introduction to the meaning and relation of financial risk, financial crisis and financial security;then from the conduction process and influence factors of two aspects of comprehensive in-depth to explore the formation mechanism of regional financial risk. On the basis of this, 24 indicators from the real economy and the financial industry to reflect the two levels of regional financial security, and the use of principal component analysis to determine the weight of the indicators,and further synthetic regional financial security composite index.On the basis of theoretical research, this paper analyzes the application of regional financial security index in Zhejiang province. First, the establishment of the financial security system in Zhejiang Province, and calculate the 2008 quarter of the 1 quarter of the financial security index value 2015. Then, the trend and the actual situation of the economic and financial operation of the quarter are compared, and the rationality of the regional financial safety index is verified. On this basis, the model is used to calculate the actual and expected results of the sample error. The results show that the error is within the acceptable range. This shows that the construction of financial security index in Zhejiang has a certain application prospect.The innovation of this paper is to take into account the special nature of the financial operation in Zhejiang province. Zhejiang Province financial security index system into the obligation of small commodity size index and efficiency index growth rate, Keqiao textile price index and gross profit margin index growth rate of these four indicators, can make up for the existing regional financial security indicators applied to Zhejiang Province, more comprehensive,and ultimately to improve the financial security index of Zhejiang Province, the practical application of the validity.