Abstract: This paper studies the distribution dynamics, spatial differences and spatial convergence of regional financial risks in China's eight comprehensive economic zones from 2000 to 2018. It is found that the level of systemic financial risk, as the sum of regional financial risks, evolves from multi peak low value to single peak high value, and shows an obvious periodic change law. At present, China's systemic financial risk is in a new climbing period; During the investigation period, the spatial heterogeneity of regional financial risk differences in the eight comprehensive economic zones is prominent, and the regional differences are the main source of the overall differences; Financial risks in different regions have their own steady-state levels and different influencing factors. When regional financial risks are controlled, measures should be taken accurately according to local conditions. The research conclusion is of positive significance to control the level of regional financial risk from the regional level and hold the bottom line of no systemic financial risk.

Key words: regional financial risk, distribution dynamics, regional difference, convergence

摘要： 精准施策治理区域性金融风险的前提是掌握区域性金融风险的地区异质性。本文研究了中国八大综合经济区2000年~2018年区域性金融风险的分布动态、空间差异与空间收敛性。研究发现:作为区域性金融风险总和的系统性金融风险水平从多峰低值向单峰高值演进且呈现明显的周期性变动规律,当前我国的系统性金融风险正处于新的爬坡期;考察期内八大综合经济区区域性金融风险差异空间异质性特征突出,区域间差异是总体差异的主要来源;不同区域金融风险拥有各自稳态水平且影响因素各不相同,在管控区域性金融风险时应因地制宜,精准施策。研究结论对于从区域层面入手控制区域性金融风险水平,守住不发生系统性金融风险的底线具有积极意义。

关键词: 区域性金融风险, 分布动态, 区域差异, 收敛性