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Researches financial development affects on economic growth have been on for a long time.Especially as the maturity of Finance and Econometrics,there are abundant researches on it.This paper uses the related data of financial development and economical growth in Beijing from 1990 to 2009 to study the relationship between financial development and economical growth in Beijing City by using Unit-root Tests,Cointegration Tests and Granger Causality Tests.The study proves that there is no causality between financial development and economic growth,but there is a long-nn equilibrium relationship between financial intermediary efficiency indicator and economic growth,which provide a new way for developing high-speed economic and improving competition in Beijing.