The Financial Support Of Upgrading Of Industrial Structure In Hebei Province

Finance is a bridge between the capital suppliers and demanders, in order to improve the service efficiency of funds, save the financing cost plays an irreplaceable role. In the industry structure adjustment and upgrade of the allocation of funds, aggregation plays an irreplaceable role, so the adjustment of industrial structure and upgrade without financial support. The current economy is in a critical period of development in hebei province, in order to achieve sound and rapid economic development in hebei province and improve industry competitiveness in hebei province, promote upgrading of the industrial structure in hebei province is the only way. How to give play to the role of financial support for industrial upgrading in hebei province, to promote sound and rapid economic development, is an important subject. Of this study is based on the financial support to the upgrading of industrial structure in hebei province as the research object, analyzes the mechanism of financial development support upgrading of industrial structure, under the financial support in hebei province is discussed the present situation of the industrial structure upgrade, and the empirical analysis to the adjustment of industrial structure upgrade in support of financial development in hebei province.This research work mainly includes the following aspects:First in the theoretical level, support for financial development of the industrial structure upgrade mechanism are analyzed. Starting from the analysis of several industrial upgrading demand and financial supply, found that the industrial structure in the process of evolution from junior to senior, at various stages, the demand for money and the way all have their own characteristics, there is a financial supply and in turn affect the stages of evolution of industrial structure. Demonstrates the general mechanism of financial development support upgrading of industrial structure, and analyzes the direct financing market and the credit market support for the industry adjustment. Second, the financial support of hebei industrial upgrading the development status of the specific analysis. Through the relevant data and analysis found that: although the economy in hebei province since1978got rapid development, industrial structure level has been greatly improved, but compared with more developed provinces and cities nationwide as well as around the first industry is higher, the relatively low proportion of the tertiary industry, industry adjustment speed is slow, industrial optimization power shortage and so on; Total financial market in hebei province is low, the support of industry capital mainly comes from indirect financing market, the lower level of securitization, the role of financial markets to invest in industry also is not obvious.Finally, the financial development in hebei province support the role of industria upgrading has carried on the empirical analysis. Results show that:between financial development and upgrade of industrial structure in hebei province this long-term causal relationship; Financial development support for the upgrading of industrial structure in hebei province are mainly composed of credit market capital contribution. And represented by the stock market of direct financing support effect is relatively small. According to the analysis results and the specific situation in hebei province, aimed at further play to the financial development function of support to upgrade industrial structure in hebei province put forward policy Suggestions.