Research On The Impact Of The Financial Structure On Financial Efficiency In Henan Province

After thirty years of reform and opening up, China has made great economic development, with regional financial efficiency continuously improved. However, the financial pulling effect on economic development is limited as the original mode of development has been difficult to cope with today’s financial variability and complexity, especially when unbalanced financial structure has become a source of economic and financial constraints of regional development issues. Henan plays the core role in the rise of the middle strategy, and its rapid economic take-off needs the financial linkage, in order to inject a steady stream of power industry entities. The low level of financial development in Henan Province, a single financial structure makes financial resources can not be fully configured, so the financial structure and financial efficiency Henan studies analyzes the overall economic development of the financial situation of Henan Province, can break through the limitations of existing resistance and find a new point of growth for the economic and financial development.The main impact of the financial efficiency of the financial structure of the microscopic and macroscopic two paths. Within the microscopic path, the financial structure optimization will increase the types and quantities of financial instruments to enhance the financial institutions themselves operating level, changing corporate financing, improve the price mechanism of financial markets, enhance operational efficiency of financial institutions and financial markets. Macroeconomic path, the optimization of the financial structure will change the selection and transmission mechanism of monetary policy tools, will also pose new challenges of financial supervision, improve the efficiency of resource allocation of financial play. Henan’s financial efficiency savings and investment aspects of the conversion rate at the macro and the micro aspects of operational efficiency aspects of the financial institutions have shown inefficient phenomenon, the reason is that the financial structure of Henan Province in the financing model structure, market structure, financial structure, function there are other aspects of the unbalanced single or twisted position. Henan this bank-based financial structure combined with government-led, at the beginning of the financial development of the economy have a greater role in promoting regional economic development, but to a certain extent, the combination of the two would greatly weaken the financial system efficiency and ability to resist risks.From the institutional structure and the structure of financial markets financing instruments as the starting point to construct the index system of Henan financial structure, analyze its impact on the efficiency of macro-and micro-finance financial efficiency. The structure factor analysis of financial indicators in Henan Province is divided into the structure of financial instruments and financial market structure, optimize the structure of financial instruments to which the macro and micro financial efficiency in Henan Province has obvious positive impact, optimizing the structure of financial markets, macro-and micro-the impact of financial efficiency is very weak. Henan should be mainly indirect financing market financing instruments and structural aspects directly from improvements to improve financial efficiency in Henan Province, to broaden the financing channels for enterprise development. In addition, the optimization of the structure of financial instruments, Henan Province is also necessary to optimize the structure of the financial market intermediaries, Henan Province, the state-owned banks to improve efficiency.