Financial Deepening And Transformation And Upgrading Of Industrial Structure

Finance as the core of modern economy, plays an important role in optimizing resource configuration. After 30 years of reform and opening up, in our country economy after certain achievements, to speed up the industrial transformation and upgrading, improve industry core competitiveness is the key of the sustainable economic development in our country.18 the third plenary session put forward the optimization and upgrading of industrial structure as the formulation and implementation of regional strategy and policy is an important basis, transformation and upgrading of industrial structure, however, need the support of perfect regional financial support system, the financial system by reducing the specialization of the capital, to raise the transformation rate of savings investment achieve financial innovation unceasingly, reasonable guide the flow of funds, so as to promote high-level to the rationalization of industrial structure and the direction of development.Based on China’s 31 provinces and cities in 1998-2012 by financial the relationship between financial development and the transformation and upgrading of industrial structure as the research object, USES the empirical analysis and theoretical analysis method of combining the research the relationship between financial development and industrial structure in our country. Article first introduced the domestic and foreign scholars on financial deepening and transformation and upgrading of industrial structure of related literature, summarizing the domestic and foreign scholars about the financial promote transformation and upgrading of industrial structure, based on the theory of financial deepening is discussed and the interaction mechanism of the transformation and upgrading of industrial structure. From the perspective of the theory of financial mainly through the capital formation, capital oriented research, credit expansion, production integration, risk management mechanism to adjust the supply of capital levels and configuration pattern, and promote the upgrading of the industrial structure. Secondly, from the analysis on the present situation and the temporal financial deepening and the basic situation of the industrial structure in our country. Then, construct the appropriate financial deepening and transformation and upgrading of industrial structure index, using the provincial panel data model to verify the various regions in China the relationship between financial development and industrial structure. Finally, according to the results of comparative analysis and empirical analysis and combining the basic situation of the regional economic development of our country, the unbalanced regional financial development in our country, in some parts of the financial sector development, did not play a role in the upgrade of industrial structure.Finally put forward the corresponding policy recommendations, including: intensify on bank finance, strengthen banking dominance; To establish a multi-level capital market, rich non-financial institutions of direct financing channels; Policy-based financial institutions should be utilized to the industrial structure adjustment of the support; Perfect the system of financial regulation and guard against financial risks; Respecting the rule of the evolution of industrial structure, and pay attention to the transformation and upgrading of industrial structure. Through these measures to better play to the financial deepening the transformation and upgrading of industrial structure.