The Chinese government puts forward the people-oriented concept of "new urbanization" on the basis of urbanization. The promotion of new urbanization requires a large amount of financial support, and financial support is an important source of funds for the new urbanization process. Based on the availability of data, this paper selects the panel data of 11 cities in Hebei Province from 2006 to 2015 and analyzes the influences of financial interrelations ratio and financial efficiency on population urbanization rate and income urbanization rate respectively by constructing a regression model. The analysis results show that the financial interrelations ratio has a significant positive correlation with population urbanization rate, which is conducive to improving the level of population urbanization rate. There is no significant correlation between financial efficiency and population urbanization rate, indicating that this factor has little effect on population urbanization rate. Financial interrelations ratio and financial efficiency show no significant correlation with income urbanization rate, indicating that the impact of financial support on raising the level of income urbanization is not obvious. According to the analysis results, this paper puts forward relevant recommendation to provide decision-making basis for the new urbanization construction and financial development in Hebei province.