The Analysis On Impact Of Changes In China's Financial Structure To Financial Efficiency

Financial efficiency is a global topic; the law is the basis of financial theory to be explored in depth in the major subjects. Nearly three decades, In the background of economic globalization, the globalization of finance, economy and finance, financial liberalization and a certain degree of financial engineering of the background, Financial the leading role on the economy growing significantly, and financial development in the meaning that the financial efficiency as a global topic.In economy developing process, financial structure is evolving to meet the demand of substantial economic activity and make different financial participant distribute financial resource better according to their comparative advantage in financial resource distribute. On the basis of describing the change characteristics of financial structure since the reform and open in china, the paper use the relative data of financial structure and financial market efficiency and try to testify that the changes of china financial structure have no obvious effect on the improvement of china financial market efficiency through the demonstrative analysis on the relative data. Then relative suggestions about optimization of financial structure are given. According to the conclusion of this paper, demand factor of Chinese financial structure has changed from monotony deposit-investment transformation demand of passed 20 years to three major factors -subdivision of the demand, liquidity enhance mentioned risk management. But Chinese financial structure still should be optimized, especially direct financial instrument. The way to choose the proportion of direct financial instrument and indirect financial instrument should comply with three principia complementary developing, increment adjusting and serving substantial economy. Indirect financial instrument section should keep centralized Industrial organization structure and accelerate adjustment of property right structure to enhance competitive power.The main structure of the Papers is as following: The first part describes the major financial structure of the concepts and related literature and previous research on the status summary. The structure of china's financial reform and opening up process on the future evolution. The second part outlines the theory of financial efficiency and on china's financial efficiency of the synthesis and analysis of a simple. The third part is to establish Empirical Analysis index system and collating the data collected. Part four is using regression analysis to identify the financial structure in the characterization of the indicators, which targets the financial structure of the changes will affect a greater degree of financial efficiency. Part five is conclusions of the above analysis and finds the structure optimization of china's financial power and means.In this measurable and qualitative methods are combined, and factor analysis, regression analysis and correlation analysis are used to combine finally find best way to optimize Chinese financial taxonomic analysis and actuality analysis.