Research On Chinese Financial Localized Evolution And Influence Factors

Since China’s reform and opening, with the rapid economic development, economic model innovation, development of the financial industry has also been a complete technology, advanced technology. Along with a series of top-down reform of the financial, economic and financial aspects of the deepening of China’s financial development demonstrated by homogeneity to differentiation, centralization to the development of local characteristics.With the deepening of China’s financial localization process, the rapid development of local financial, inevitably also generated a lot of negative external effects, such as the financial scale of disorderly competition brought about by the rapid expansion of inter-regional local governments, local governments blindly increase investment, especially investment in fixed assets brought overcapacity. The central government has maintained the financial localized bring attention regional financial risks, by financial powers, including the rights of financial development, financial and other aspects of regulatory powers to move up and down by the financial management area where technology has brought financial risks. In this context, the level of local finance in all regions to some extent evolved into a can on behalf of the central government and local governments to finance regional development and the negative externalities of indicators to measure the contrast. In other words, a financial localized level areas may represent a certain degree of financial development in the region is good and healthy.It is because of the presence of Chinese regional level financial indicators of this function, the paper hopes to sort out and analyze the process of local Chinese financial reasons, the originator, the evolution and impact of factors explain the financial localized internal logic of China’s local process development to provide better reference.