The Path Choice Of Financial Reform In Yunnan Province During The 13th Five-Year Plan Period

Financial reform is an innovative initiative aimed at existing or traditional financial systems,operational modalities,management practices and operational activities.The economic efficiency of financial services is an important driving force for economic development.The article is of great significance in the context of China's new round of financial reform.Based on the perspective of path selection,this paper will set out all the research components of financial reform in Yunnan during the 13 th Five-Year Plan period.It is the only purpose of this paper to provide a suitable path for financial reform in Yunnan during the 13 th Five-Year Plan period.In this article,through the combination of theoretical analysis and empirical analysis and quantitative analysis and qualitative analysis of the combination of methods to start the research work,and try to solve some problems: First,what causes the current situation of economic and financial development in Yunnan Province;second,why financial reform is so important for Yunnan Province in the "thirteen five" period;third,what kind of financial reform path is the right choice for reform in Yunnan Province in the "thirteen five" period.The third question is the core of this paper.In addition to the innovation on the topic,the article has made some innovations in the selection of empirical indicators and the results of other studies.After the global financial crisis,the scale of economic and financial development in Yunnan Province is growing at the same time,due to the structural imbalance on the financial supply side and the imbalance between the financial resources distribution among the municipalities,resulting in a sustained downward trend in economic and financial growth,including import and export trade There is a negative growth situation.During the "13th Five-Year Plan" period,Yunnan Province needs to complete the task of solving the problem of poverty in the province and establish a modern and perfect financial system.During the "two sessions" in 2017,the central government will prevent the financial system risk as " China's financial reform one ofthe most important tasks,the completion of these goals can not be separated from the promotion of financial reform in Yunnan Province.Yunnan Province strategic location,the particularity of ethnic relations and the superposition of multiple national strategies,is the "thirteen" period of Yunnan Province,financial reform is different from other areas of China's financial reform of the important reasons.According to the existing research found that financial development and financial intermediary efficiency is to promote economic development of the two important factors.This paper,based on these two factors,combined with the actual situation of Yunnan Province,joined the non-banking financial market development and the development of the border financial market two factors,to build a suitable index system,the use of1997-2016 data for empirical analysis.The empirical results show that,both in the long term and short-term,financial development will push the economic growth.In the short term,the development of the border finance can also effectively promote the economic development.In the long run,the improvement of financial intermediary efficiency and the development of non-banking financial market are The important reasons for the development of real economy in Yunnan Province.Based on the above research results and the goal of financial reform in Yunnan during the 13 th Five-Year Plan period,it is considered that the financial reform of Yunnan Province during the13 th Five-Year Plan period can provide a financial system for non-banking financial market,financial supply side structure and modern financial system Of the three reform path;can also be based on micro-perspective,select the financial innovation,rural financial factor market and private finance three reform path.