Research On Harbin Financial Ecological Environment

Finance is a powerful leverage for modern economy.Good financialecological environments are potential resources for economic development,which is better for accelerating the reformance of finance and improving theoperational efficiency of financial institutions. The improvement of the financialecological environment is beneficial for the development of financial industry.All the financial business of banks, securities, futures, insurances in Harbinhave increased, but the development is unstable, unbalanced and lack ofinnovation and adequate supervision.The GDP grows significantly,but it is stillthe economic growth mode of high input, low output.The economic structure alsoneeds to further optimize. As for foreign trade, the trade areas diversified. On thebasis of getting rid of the dependence on Japan, South Korea and Russia, Harbinactively develops trades with north and South America, but the producets remainlow added value. Though people's income grows significantly, the reality of thegap of income and consumption between urban and rural residents has notimproved. As for fiscal spending, the spending on healthy, employment,education, transportation occupies an important share, but compared with thefirst-tier cities,the share should ascend. The credit system improvescontinuously.Based on the annual datas of1990-2011, select four types of the level ofeconomic development, the level of government services, financial performance,social credit and legal environment, the GDP, per capita GDP, the total importand export trade and so on, use the factor analysis method to study the financialecological environment in Harbin.Combing with the scree plot and the variancecontribution rate of92.58%can determine three common factors. According tothe value of factor loading, we can name the three common factors economic andfinancial innovation factor, social environmental factor and legal security factor.The economic and financial innovation factor is the most important factor,whoseimpact is greatest.We also get the comprehensive score and it increases year byyear,which states the overall situation of Harbin's financial ecologicalenvironment is in the continuous improvement.According to the analysis,the economic and financial innovation factor hasgreatest influence on Harbin's financial ecological environment,so in order toimprove the financial ecological environment in Harbin,the government should pay attention to economic development, optimizing industrial structure,encourage enterprises to independent innovation, and actively carry out foreigntrade, improve the people's living standards.To expand the scale of finance,perfect financial supervision mechanism, establish a good financial creditenvironment, strengthen financial innovation. Finally, we need to optimize thelegal and social environment and create a favorable external environment for theimprovement of financial ecological environment.