Since the 1950s, financial competition undergoes from taxation competition to mixed competition of taxation and expenditure. Under the background of economic globalization and regional economic integration, financial competition influences every region. By using the related data from 1994 to 2003 of Xinjiang, this paper calculates and analyzes Xinjiang financial competence. The results show that Xinjiang short - term financial competence is promoted but long - term financial competence is weakened. In onrder to promote Xinjiang long - term financial competence, Xinjiang should implement different competitive strategies with regional cbaracteristics and should not simply imitate inland competitive strategies.