Firstly, this paper defines the connotation of financial development from four aspects: financial scale, banking industry structure, financial structure, and financial ecological environment. It interprets the technological innovation ability of each province using the national patent authorization quantity. Secondly, according to the "Seven-Five Plan", China's 31 provinces are divided into three parts: east, central, and west. Static panel models are established for each region to compare the influence of financial development on the level of technological innovation in different regions. The research results show: (1) China's financial development has significant regional differences in its impact on technological innovation. (2) The level of technological innovation in the eastern region is decreasing its reliance on the financial market. In contrast, the western region urgently needs to improve the function of the financial market further, and the central region needs to make adjustments to the financial market.

Wenjun Liu. The Influence of Financial Development on Regional Technological Innovation. Academic Journal of Humanities & Social Sciences (2024) Vol. 7, Issue 7: 16-24. https://doi.org/10.25236/AJHSS.2024.070703.

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