This paper investigates the impact of the FDI on the regional financial growth using the panel data on the provincial level from 2001 to 2010 . We find that FDI has a clear nonlinear and region-varying effect on financial growth in China. As there is a clear gradient difference in China’s regional economic and fi-nancial development,we propose the inverted“U”-hypothesis about the impact of FDI on the growth of the regional finance. Based on our findings,we suggest that different regions should adopt different policies, based on their economic and financial levels,to attract FDI.%利用2001-2010年省级面板数据，分别考察外商直接投资对中国各区域金融增长的影响。研究结果发现：FDI对中国金融增长的影响是非线性的，且存在区域差异效应。根据中国区域经济和金融发展存在明显梯度差异的特性，提出了FDI对区域金融增长的倒“U”型假说。建议各地区根据本地区金融和经济发展程度差异的实际情况采取不同引资政策。
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