The Comparative Study About Impact Of Financial Intermediation Acting On Industrial Restructuring Of Dongguan And Suzhou

Abstract:To accelerate industrial restructuring is an important task during the Twelfth Five-Year Plan.,which needs support from financial intermediation as the main driving force.Financial intermediation has a significant effect on the difference of industrial restructuring.As the representative of Export Processing,both Dongguan and Suzhou have the same rise,development,restructuring,cross process.However,their industrial layout appear different.Based on this,it’s significant to select the two cities as case to study the effect that financial intermediation acting on industrial restructuring.Firstly,This thesis reviews the theoretical basis about financial intermediation and industrial restructuring,grasping the internal mechanism that financial intermediation impacting on industrial restructuring.Then proposes hypothesis on the base of analyzing development status of financial intermediation and industrial restructuring about Dongguan and Suzhou.Hereafter,examines hypothesis with Cointegration Test and Granger Causality Test.which indicates that:In the long run,industrial restructuring is not a reason for the development of financial intermediation.But financial intermediation development can promote industrial restructuring as well as the development of secondary and tertiary industries in the entire national economy.This test confirms the case that financial intermediation has impact on industrial restructuring about Suzhou.Because of its relatively low level development of financial intermediation,Dongguan is lack in promoting its industrial restructuring.Finally,thesis proposes appropriate policy recommendations for Dong guan and Suzhou industrial structure optimization on the base of the empirical findings.