The Research On The Interactive Relationships Between The Financial Structure And Industrial Upgrading Of Guangdong Province

Finance is the core of modern economy,and the study on the mutual influence between the financial structure and industrial upgrading is rising at home and abroad in recent years.General research think that there must be relevance between the two things,but financial structure also lags behind economic development and industrial upgrading in reality.Guangdong is the first open and the most developed region in China.The financial development of Guangdong is facing a "big but not strong" problem;The economic development of Guangdong is facing "shortage of migrant workers",resources,pollution and other issues,and there is an urgent need for industrial upgrading.By selecting the Guangdong Province and researching the interaction between financial structure and industrial upgrading,this paper will seek solutions to the problems of financial constraints to economic development of Guangdong.In chapter 4 of this paper,the interactive relationship between the financial structure of Guangdong and industrial upgrading by the Granger testing and regression analysis model testing show that,the financial structure and financial development of Guangdong promote the industrial upgrading and re-industrialization, but this effect is not strong.This is mainly due to less efficient allocation of resources of the capital markets and the state-controlled of financial resources;The financial structure and financial development of Guangdong,is mainly driven by sustained economic development of the indirect effects of industrial upgrading.In Chapter 5, this paper analysized contradiction between the financial structure and industrial upgrading of Guangdong,and the main problems are:the uncoordinated ownership structure between the real economy sector and the financial sector,the coordination between the lack of small and medium-sized financial institutions and the development of SMEs,Financing structure and an irrational economic structure,low financial efficiency because of high concentrated financial institutions. In Chapter 6,in order to promote industrial upgrading,the paper suggests that, local governments should deepen the reform of local financial enterprises,optimize the structure of the banking sector,the establishment of venture capital funds and optimize the financial environment in Guangdong.