Author(s)

Jiahao Zhang

Corresponding Author

Jiahao Zhang

ABSTRACT

Finance is an inevitable outcome of a country's economic development. Compared with other economic zones in China, the level of financial integration in the Yangtze River Delta is in a leading position. However, the slow development of regional financial integration in Jing-jin-ji is not conducive to the cross regional flow of financial resources and the formation of a unified financial market. Based on the comparison of regional financial integration between Jing-jin-ji and the Yangtze River Delta, this paper first introduces the research background and significance, then analyzes the level of regional financial integration between Jing-jin-ji and the Yangtze River Delta from two aspects of capital price and financial cooperation, and concludes that the level of regional financial integration in Jing-jin-ji is lower than that in the Yangtze River Delta. From the perspective of fund price difference in the region, the difference between the loan interest rate in Jing-jin-ji region and the discount interest rate and rediscount interest rate in the bill market is significantly greater than that in the Yangtze River Delta region. From the perspective of financial institutions' own cooperation, the regional financial market in the Yangtze River Delta is relatively perfect, and financial institutions cooperate frequently, forming a developed regional financial market. However, the cooperation of financial institutions in the Jing-jin-ji region is still subject to administrative divisions, mainly focusing on the holding of financial institutions in Beijing Tianjin to Hebei region, rather than reasonable positioning to seek the common development of the whole region .

KEYWORDS

Finance, Integration, Capital price, Cooperation