Research On The Evaluation Of High-quality Financial Development In The Yangtze River Economic Belt

High-quality economic development is a major judgment made by the party and the country in response to the current domestic and foreign situations.Finance is the core of the modern economy.Under the background of the economy turning to a highquality development stage,the quality of financial development is improved and the real economy of financial services is fully utilized.The function will become an important starting point for the current high-quality development of finance.However,there are still some problems in the development process of the financial industry at present,and some phenomena of idle funds and allocation of financial resources are separated from the needs of the real economy.The Yangtze River Economic Belt spans the eastern,central,and western regions of China.Although it only occupies 20% of my country’s total land area,its contribution to GDP exceeds 40%,which has a decisive impact on my country’s economic development.Therefore,this paper selects the provinces and cities in the Yangtze River Economic Belt as the research object to evaluate and study the high-quality financial development of the Yangtze River Economic Belt,which can effectively improve the financial services of the real economy,reduce financial risks,and further promote the high-quality economic development.This article first summarizes the previous research results by reviewing the previous research literature.From the perspective of financial structure theory,financial service theory,and financial sustainable development theory,the theoretical foundation of the article is constructed,and then the concept of high quality of finance is defined.Describe and analyze the current situation of the banking,securities and insurance industries in the Yangtze River Economic Belt.According to the connotation of highquality finance,from the six dimensions of financial development and financial service real economy innovation,openness,greenness,coordination,and shared development,build a high-quality financial development indicator system with 16 indicators.Finally,the article uses the index data of eleven provinces and cities in the Yangtze River Economic Belt from 2010 to 2017,and evaluates the high-quality financial development of eleven provinces and cities in the Yangtze Economic Belt through the TOPSIS model based on principal component analysis.The index and the index of each dimension are compared and analyzed from the horizontal and vertical dimensions.Study the reasons for the low level of development in certain provinces and cities from various dimensions,and put forward corresponding countermeasures based on the research results.The article mainly draws the following conclusions:(1)The financial high-quality development index of 11 provinces and cities in the Yangtze River Economic Belt basically shows an upward trend.It shows that the finance in this area is developing towards high quality,and the downstream area is developing faster.(2)Eleven provinces and cities in the Yangtze River Economic Belt are characterized by high,medium and low financial quality development indexes.According to the evaluation results,both the total index and the sub-dimension index can be divided into three ladders.It shows that the development of the Yangtze River Economic Belt is uneven,with large spatial differences,and different degrees of development in the same province with different dimensions.(3)In terms of different dimensions,due to the superior geographical location and economic and financial development in the downstream areas,it mainly reflects the high-quality financial development index and the financial service entity economic innovation,openness,greenness,and shared development index.The index of coordinated economic development is relatively low.The upstream and downstream provinces and cities mainly reflect the high-quality financial development index and the financial service real economy innovation,openness,green and shared development index.They are generally mediocre and backward,while the financial service real economy coordinated development index scores relatively high.Based on this,the article puts forward corresponding policy suggestions:(1)Improve the financial high-quality development evaluation index system.(2)Improve the financial development level of provinces and cities in the Yangtze River Economic Belt.(3)Improve the innovation,openness,greenness and shared development capabilities of financial services in the middle and upstream provinces and cities.(4)Make up for the shortcomings of the coordinated development of the financial services of the downstream provinces and cities in the real economy.