Analyze The Influence Of Financial Deepening To The Development Of China’s Economy

Since the reform and opening up, China’s economy development has maderemarkable achievements in the development of China’s financial market is very rapid,sustained increase in total assets, asset types, has become increasingly rich, the typeand quantity of financial institutions has been greatly improved. China’s financialsystem continues to evolve, the formation of a diversified financial system, a varietyof financial institutions play an important role.But at the same time we should see the development of China’s financial marketproblems, normative and intrinsic quality of financial development still to beimproved. The uneven development of financial markets and banking sectordevelopment lags behind the irrational structure of financial assets, it is difficult tomeet the needs of economic development. China’s financial system needed furtherdeepen the reform.In this study， China’s macroeconomic performance， analysis of the status quo ofChina’s financial development and to study financial deepening of China’s economicgrowth，resolve the current development of China’s financial system，on the basis ofin-depth understanding of the theory of financial deepening， Explorationthedeep-rooted relations between financial deepening and economic growth in China tomake a comprehensive evaluation of financial deepening， and its role in the processof China’s economic growth， industrial restructuring， the existing problems in theprocess of financial deepening in ChinaStrategic Analysis.This paper is divided into six parts， the first part introduces the study of the theoryof financial deepening sense and research background. Deepen the theoretical studyon the basis of the existing financial analysis of China’s economic development andfinancial development of the status quo， and propose the article research ideas andresearch methods， and existing research to make a comprehensive statement. The second part of the traditional theory of financial deepening summarized fromthe theory of the formation of financial deepening-Goldsmith’s financial structuretheory to the development of financial deepening theory-Shaw and McKinnonfinancial deepening， financial liberalization theory， and then to Sri LankaStiglitz etal proposed financial constraints-financial deepening theory of the new policyframework， and analysis of financial deepening of the shortcomings of the theory atgood theoretical basis for the empirical study of this article.The third part analyzes the status quo of China’s financial deepening， explore theachievements of the reform of financial markets， and the use of financial deepeningindicators to analyze the level of development of China’s financial analysis， welearned that China’s financial development has made great achievements，financialdeepen the level， but the intrinsic quality of financial deepening has to beraised.Fourth and fifth， respectively， studied the financial impact of the deepening ofChina’s total economic output and typical industry， through the empirical analysis ofindicators of economic variables， cointegration test and Granger causality test， andthe use of the impulse response function， to studyfinancial deepening differentindicators of economic and typical industry， the level of financial deepeningempirical test results.In the last sixth chapter， on the level of financial deepening will make a summaryand analysis of the results of the different financial deepening indicators andcomprehensive evaluation of our current financial deepening analysis of financialdevelopment， on the basis of the analysis of China’s economic development，theproblems in the process， and strategies for solving problems and put forwardsuggestions to China’s economic development， and to promote economicdevelopment.