The Analysis Of Coordination Of Adjustment Of China's Financial Assets Structure And Upgrade Of Industrial Structure

Economic history of Western developed countries shows that the relationship between finance and economy extremely close,in the real economy which embodied interact relationship between the financial development and industrial development, the financial development is mainly expressed in the growth of total financial assets and the adjustment and optimization of financial structure,the industrial development expressed in the gradual upward trend of the proportion of second industry and tertiary industry output accounted for GDP, that is the process of upgrading of the industrial structure. Reasonable financial structure is significant for the promotion of upgrading of the industrial structure, which marked the quality of economic development in a country,and achieve high quality of economic development is the ultimate goal of all country develop the financial industry.Since China adopted the policy of reform and opening up 30 years ago, remarkable achievements have been made in the development of financial sector. The total volume of finance increase rapidly and the core function of the financial sector in modern economy has become even more prominent in China. In real economic activity, we see a correlation between financial development and industrial growth. Recently, under the global financial crisis, China has accelerated its strategic adjustment of industrial structure. The industrial structural upgrade also indicates quality of economic growth. It is against this backdrop that the speeding up of adjustment and upgrading of China's industrial structure become urgent. And this process requires the support and coordinative development of financial sector. Therefore, while pushing forward its strategic adjustment of industrial structure, China should adjust and optimize the financial assets structure, so as to adapt to and to promote the economic development. It was proved by the overseas practice that the adjustment of financial assets structure should be well coordinated in the upgrade of industrial structure, thus ensuring the sustainable economic development. Also, with the current economic development, in order to apply scientific outlook on development to the financial sector, China should set great store by both the coordinated development of industrial structure and the essential requirement to improve financial efficiency, while striving for coordinated development between the upgrade of industrial structure and the adjustment of financial structure, especially of financial assets structure.By reviewing the research results at home and abroad on the correlation between financial assets structure and industrial structure, this paper gives theoretical interpretations to each and then mainly examines the interaction between the two. With respect to the impact of industrial structure on financial assets structure, the upgrade of industrial structure results in substantial economic growth and in turn leads to the effective allocation of financial resources, thus effecting the adjustment of financial assets structure. Second, from an empirical perspective, the article mainly analyzes the correlation and balance between the financial assets of China and various industrial structures of real economy, and the coordination between the structural adjustment of the financial assets of China and the upgrade of industrial structures. The empirical analyses have proved that since the implementation of the reform and opening up policy, the change of financial assets of China has failed to strike a chord with the development of various industrial structures, and the upgrade of industrial structures of China has failed to go hand in hand with the structural adjustment of financial assets. Nevertheless, the situation before 1990 and after 1990 are not exactly the same, so are the short-term, medium-term and long-term situations. In a word, structural adjustment of financial assets of China and upgrade of industrial structures can not register a harmonious relationship and the coordination between them cries out for improvement. Finally, given the conclusions drawn from empirical analyses, the article is to put forward four development strategies aiming at the problems existing in the structures of financial assets in the financial development of China.