The Exploration of Finance Contributing to High-Quality Regional Economic Development

Jingyi Huang ()
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Jingyi Huang: Pingan Bank, Wuhan Branch

A chapter in Proceedings of the 2024 2nd International Conference on Digital Economy and Management Science (CDEMS 2024), 2024, pp 180-187 from Springer

Abstract: Abstract Under the background of regional economic integration, the agglomeration effect of financial industry is increasingly obvious. Promoting the coordinated development of regional finance is of great significance to improving the quality of economic development. This report takes Hubei Province, China as an example, through the analyze of various financial data and economic indicators in recent years, combined with financial practice cases, the report explores how finance can better contribute to the high-quality development of regional economy from three aspects. It shows that in the current stage of regional economic development, financial institutions are facing several problems such as lack of vitality in credit approval, limited product types, and difficulties in providing continuous financial services. Based on this, a series of financial measures to contribute regional economic development has been listed, such as more government support, continuous upgrading of financial products, strengthening the spatial layout planning of business, etc.

Keywords: Regional economic development; financial economy; regional finance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-488-4_20

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DOI: 10.2991/978-94-6463-488-4_20

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