Financial development is the important driving force of economic and social development. Based on the overall situation of the financial development of the six provinces in central China, we measured the level of financial development in Hubei province, through choosing two financial efficiency indicators – loan-to-deposit ratio and the banking concentration, and three financial scale indicators – the average annual growth rate of the loan of financial organizations, financial interrelation ratio, and the scale of securities financing, using the relevant data during the 2011-2014. We find the financial development in Hubei province is in the middle level, even in the central region.
Xiao, Huadong, "The Measurement of the Level of Financial Development in Hubei Province: Based on the Comparison with the Six Central Provinces in China" (2016). WHICEB 2016 Proceedings. 14.