The Research Of The Relationship Between China’s Financial Structure And Industrial Structure

This paper focus on financial structure and industrial structure, the relationship between this one theme, the use of financial structure theory, financial repression theory, financial deepening theory and industrialization phase correlation theory and so on multidisciplinary theory and econometrics method, draw lessons from foreign industrial structure upgrade adjustment of financial support experience, combined with our country’s financial structure and industrial structure of the present situation, the thorough research the financial structure and the industrial structure of the long-term relationship.China’s financial structure has experienced four stages of development, the paper analyzes our country financial structure evolution in the process of a series of typical fact, analysis the existing financial system in China and the problems existing in the cause of these problems and the key. The financial structure of our country, although the structure achieves the diversification, but in general is still retains the planned economy color, financial structure evolution and the development of market economy between internal demand, unable to effectively promote the financial system, the strengthening of the function and efficiency of the ascension, become the financial development and economic development for the bottleneck of.Our industrial structure has experienced four stages of development, at present, China’s industrial structure is in the evolution process of the fifth stage (2008so far), compared with the developed countries, because our country industrial development started late and lack of perfect development strategy and external environment, has long been rely on increasing resources and inputs to extensive development and the formation of。three high one low。 type industrial structure not too big change. The industrial structure not only make our country in the international division of labor in at a disadvantage, and subject to resources and the limitation of various elements, do not have sustainability. Therefore, the research on China’s existing in the industrial development of the the problem, find out the principal contradiction, is to promote the country’s industrial structure upgrade, promote our country economy to realize an important precondition of the development of science.This paper through the establishment of2001-2010in29provinces,26industry department’s panel data model, the financial structure and industrial structure, the relationship between the author carries on a cointegration examination, we established the applies to all26industrial department cointegration equation, first for each equation was fitted, will FINSTRUCT to RELVAi fitting results are not significant seven equation ruled out to the rest of the19industrial sector of the corresponding cointegration equation, the author carries on a cointegration cointegration test, test results show that the19fitting equation all through the cointegration test, there is a cointegration relationship hypothesis was refused, explain the financial structure and the19departments of industry added value of relative has positive long-term relationship. That is to say, a marketing-oriented financial structure is more advantageous to the development of these departments.China’s financial structure is not only similar to the industrial structure to adapt, and want to reflect the characteristics of the financial boost industrial economy, follow the financial capital value movement of the general rule. Through the above analysis, in this paper, the industrial structure in China upgrade financial support puts forward several countermeasures, first of all, effectively regulate the bank credit, improve the monetary policy transmission mechanism; Secondly, improve the capital market and promote industrial structure adjustment, Finally, the open market, promote the movement of capital, promote the adjustment and upgrading of industrial structure.