ABSTRACT
China’s vast geographical environment determines the uneven development of the regional economy and unbalanced financial development. The appropriate difference in financial regional development is determined by the geographical environment, which is inevitable. However, under a similar geographical environment, the phenomenon of excessive difference in financial efficiency (FE) is gradually prominent, which threatens the sustainable development of China’s economy. It has become a major difficulty in China’s economic development to coordinate the financial differences between regions and give consideration to FE and fairness. The promotion of regional financial development has gone through the stage when a large number of funds can help economic growth in the early stage of reform and opening up. At present, the development of the regional economy pays more attention to the utilization of FE. The improvement of FE can mobilize the enthusiasm for regional capital investment, improve the problem of uneven financial allocation, and promote economic development. This chapter is mainly based on big data technology, using data quantitative analysis method to study the difference in FE in China’s coastal areas, from the economic factors, financial factors, political factors to analyze the reasons that affect the regional FE, and discusses the role of FE in promoting the regional economy. This chapter mainly uses the method of data quantitative analysis, selects the FE data of five typical provinces in China’s coastal areas as a reference to analyze the data comparison of FE differences in China’s coastal areas. The results show that the performance of FE differentiation in China’s coastal areas does not depend on the economic development. For example, the scale efficiency and technical efficiency of investment in Tianjin are 0.972 and 1.723, respectively, which are higher than those in prosperous Shanghai, and the financial allocation efficiency of Liaoning is 0.032 index higher than that in Shanghai. But at the same time, the financial innovation efficiency of Shanghai is as high as 0.985, which shows that these factors of financial politics and economy affect the efficiency of financial innovation.
