Analysis of the Financial Deepening Current Situation of Heilongjiang Free Trade Zone
- 1 Business School, University of Aberdeen, Aberdeen, UK
- 2 International Business College, South China Normal University, Guangzhou, China
- 3 School of Economics and Management, Northeast Agricultural University, Harbin, China
Abstract
This paper first summarizes the development basis of Heilongjiang Free Tr ade Zone from the two aspects of optimal strategy and foreign trade, introduces the geographical environment and enterprise situation of Heilongjiang Free Trade Zone, and describes the main development focus of Harbin area, Heihe area and Suifenhe area. Among them, Harbin area focuses on system innovation, Heihe area focuses on cross-border e-commerce, and Suifenhe area focuses on developing Sino-Russian mutual trade. At the same time, summarize the basic situation of Heilongjiang financial market and Sino-Russian mutual trade. At present, Sino-Russian trade is developing well, but there are also some problems, such as Russia’s trade barriers. Secondly, from the perspective of policy support, the financial deepening situation of Heilongjiang Free Trade Zone is sorted out, mainly from the People’s Bank of China, State Administration of Foreign Exchange, China Credit Insurance Co mpany and commercial banks to interpret the orientation of policies. Finally, by combining theory with practice, this paper analyzes the path of financial deepening in Heilongjiang Free Trade Zone affecting industrial transformation, fiscal revenue, trade and investment.
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