Title: Financial Development and Innovation in a Region
Abstract: The development of regional economy is bound to involve the rate of investment and economic growth.The reform of financial liberalization aims to get rid of financial depression and the deepening of financial reform can promote economic growth.Finance first of all belongs to service industry.One of the key factors for development regional economy is the normal survival and development of enterprises.The financial support for small-and medium-sized enterprises is mainly from small-and medium-sized banks,which has specialized market role.As for commercial banks in cities,the control of local government and the extent of privatization have to be studied.While financial development means the change of financial structure and financial innovation refers to the innovation of the components of financial structure.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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