TITLE:
Analysis of the Financial Deepening Current Situation of Heilongjiang Free Trade Zone
AUTHORS:
Yihan Chai, Shuren Wang
KEYWORDS:
Financial Deepening, Free Trade Zone, The Foreign Trade
JOURNAL NAME:
Journal of Financial Risk Management,
Vol.11 No.1,
March
17,
2022
ABSTRACT: This paper first summarizes the development basis of
Heilongjiang Free Trade 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 Company 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.