Study On The Optimization Of Wuhu Local Financial System

Finance is the core of modern economic development.Since 2012,marked by the establishment of financial comprehensive reform pilot area in wenzhou Zhejiang,China began to attach importance to the construction of local financial system.It is an important task for each local government to enlarge and strengthen the local finance and improve the local financial system.In recent years.As the subsidiary-centre city of Anhui Province,Wuhu's local finance has developed rapidly and it has offered effective support to the local economic development.At the same time,there are many problems in the development of local finance which affects the sustainable development of Wuhu local economy.Therefore,At this stage,it is necessary and realistic to analyze the present situation and existing problems of Wuhu local financial system and put forward further optimization measures.In recent years,the local financial system in Wuhu is operating well overall.The operating capacity of Local corporate banking institutions and non-banking financial institutions are constantly enhanced.This has contributed to the development of the local economy in Wuhu to a certain extent.However,there are a lot of problems such as the imperfect structure of the financial organization system,narrow financing channels for some financial institutions,the personnel's poor quality,off-balance and failure regulatory in the local financial system in Wuhu,which are seriously restricting the effective function of Wuhu local economies.Therefore,we must attach importance to the construction of Wuhu local financial system,take active measures in combination with favorable conditions,thus optimizing Wuhu local financial system constantly and promote the development of Wuhu local economy.Compared with other sub-central cities in the other seven provinces in the central region of China,Wuhu has obvious geographical advantages.It has high economic development level development and good industrial base.In addition,the cities of Anhui River has undertaken the preferential policies of transfer demonstration areas and "Hefei,Wuhu and Bengbu" independent innovation demonstration areas,which provides a good base to develop the local economy in Wuhu..However,there are also a lot of weakness and problem in the process of the development of Wuhu local economy.For example,the scale of urban economic development is relatively small,and the development of service industry is weak,what's more,the shortage of financial talents and the insufficiency of financial supervision ability,etc.They also bring some difficulties to the optimization of local financial system in Wuhu.Based on the situation above,For the sake of further optimizing and upgrading the local financial system in Wuhu,we can take the following measures:First,we should continue to making efforts to develop the local economy and efforts were intensified in the development of emerging industries,traditional industries and modern service industries.Secondly,try to realize the diversification of the local financial institutions.Encourage the establishment of local insurance,securities and other financial institutions,and constantly improve the organizational structure of the local financial system.Third,to enlarge and strengthen the existing local financial institutions.Enhance Market Competitiveness,expand Operation scale and improve efficiency of operating.To create a number of regional financial institutions with certain strength and influence finally.Fourth,strengthening the effective supervision and management of the local financial system.To clarify the supervisory responsibilities of each department.Enriching and strengthening the regulators,and building a new type of financial management;Fifth,to strengthen the reserve and introduction of financial personnel.and constantly improve the comprehensive quality of practitioners;The sixth,strengthening the construction of the social credibility system and to build a good social credit environment for the continuous optimization and upgrading of the local financial system.