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s: This paper explores the relationship between financial development and new urbanization development in urban agglomeration in the middle reaches of the Yangtze River. After the unit root test, co-integration test, and the panel data model establishing, some conclusions are figured out. The results show that in the long term run, the level of financial deepening is significantly related with the urbanization development, but the coefficient is relatively small. And the deposit ratio and urbanization are significantly negatively related. Intr oduction With the development of industrialization, new urbanization is an important symbol of national modernization. New urbanization often contains the infrastructure construction, regional economic development and public services expanding. Then the financial support is critical. And with the Chinese economic development is more and more diversity, some new requirements are put forward for the financial supporting. The government has issued the "National new urbanization plan (2014-2020)" in 2014. And the policy notes that we should focus on the urban agglomerations which are high efficiency concentration, large radiation, and functional complementation, then supporting the area or the nation economic growth. The urban agglomeration in the middle reaches of the Yangtze River is the critical part of the strategy of "rise of central China". Then it is of theoretical and practical significance to study on the relationship between financial development and new urbanization in this area. The paper' sections are organized as follows. Section 2 describes the literature review for this research field. Section 3 is the empirically analysis. And the section 4 is the conclusions.

advances in social science, education and humanities research/advances in social science, education and humanities research

A Study on Relationship between Financial Development and New Urbanization--Evidence from Urban Agglomeration in the Middle Reaches of the Yangtze River