Financial Assets Accounting And The Effects Of Financial Structure On Economic Growth

At present, China has become a global economic giant. After the global financial crisis, China speeds up the pace of the global economy as a big country. As an economic power, China must have the matched financial system. Without the matched financial system. China cannot continue economic growth. So, it is imperative for China to establish a platform which can absorb the global resources of openness finance.The gross of financial assets is very important for country economic development. Only by analyzing the condition of financial assets, can we make a significant contribution to our economy. On the situation, it is very important to measure the financial assets. Only by having a good understanding of Chinese financial assets, can we promote the economic development.According to the latest2008SNA and combining with the accounting method of many scholars, this paper accounts the financial assets of China. Through comparing with many scholars, the author ascertains the continuity and feasibility of accounting data. At the same time, this paper analyzes the relationship between economic growth and financial assets, and expounds how finance can have an effect on the economy. What’s more, the paper has an empirical analysis between finance and economic growth. Using the method of multiple regression analysis, this paper gets the relationship among Deposit insurance loan securities and economic growth. At the end, by comparing the financial industry development evolution, this paper analyzes the effect that the financial assets of China and U.S put on economy.By the analysis, this paper argues that the financial assets in the reasonable scope will have a positive effect on the development of economy. Economic growth can promote the development of the financial industry. At the same time, the rapid expansion of financial assets stimulates economic growth. Among financial assets, the credit in China can promote economic growth in the long time, accounting for most of the financial assets contribution, but the contribution of stocks is not obvious. In American, the credit cannot promote economic growth observably. Contrarily, stocks and insure can promote economic growth rapidly.