An Empirical Study On The Relationship Between Financial Industry Development And The Changes Of The Industrial Structure In Chongqing

Finance is the core of modern economy. Financial can transfer funds from surplus to shortage of establishments. Re-allocation of funds can solve the opaque problems information between savers and investors. It has a significant impact on macroeconomic development and micro-enterprises run. So, finance is one of the important factors to optimize the industrial structure. Upgrading of traditional industries and the development and expansion of high-tech industries are inseparable from the support of fund. Since Chongqing became a municipality, Chongqing has achieved high economic achievements. But compared with other developed areas, there are still many shortcomings of economic development in Chongqing. For example, irrational industrial structure, lowly technology investment, low proportion of large enterprises. Degree of development of the three industries have not been able to adapt and economic growth. Industrial structure needs to be optimized. Chongqing is developing the financial industry as a pillar industry. The city is becoming into financial institutions and financial elements of highly aggregated regional financial center. In the same time, the rapid development of the financial industry, optimize the industrial structure. For the rapid development of the city have a significant role in promoting the national economy. Therefore, it is necessary to study the development of the financial industry play what role to industrial structure change in Chongqing.This paper first reviews the research on financial development and industrial structure changes of scholars at home and abroad. This article studies the role of principle between financial development and industrial structure changes. Using statistical analysis method describes the status of the development of the financial industry in Chongqing and industry. Finally, select the financial development indicators. Empirical studies were developed both from the industrial structure rationalization and advancement. The empirical results show that financial sector development in Chongqing in favor of long-term upgrading of industrial structure, especially in high-tech industries. Two-way causal relationship exists in financial efficiency and industrial structure optimization rate index. Chongqing financial development can promote optimal adjustment of industrial structure financial efficiency and structural indicators Granger cause of intensive high-tech industry. Finally, the article presents a few reasonable policy recommendations.