Research On The Impact Of The Stock Market In Hebei Industrial Structure Optimization

Healthy and continued growth of the economy is closely related to the reasonableindustrial structure, in the large wave of economic reforms, as well as the rapid developmentof the world economy，rational industrial structure is very important. Hebei is a majoreconomic province, is an important city in northern China, the adjustment of economicstructure, optimize the industrial structure, to achieve the goal of integration of Beijing,Tianjin has important practical significance. Financial services provide a developed financialsystem can promote the improvement of productivity and economic growth, the stock marketas part of the financial system, and its integration into the development of the industry, topromote industrial structure optimization doubt a huge role. Stock market to achieve atransformation between savings and investment, and effective allocation of economicresources endowment, industrial structure optimization and upgrading of resources played asupporting role. Stock market financing function, mobility function, risk pricing, informationrevealing feature helps enterprises to improve corporate governance and enhance thecompany’s overall competitiveness, not only can make the sustainable and healthydevelopment, but also provides businesses with property rights transposition andrecombination conditions to promote industrial structure optimization.From the stock market’s function and the general theory of the role of industrial structureoptimization starting from the theoretical analysis of the industrial structure optimizationneeds the help of the power of the stock market to explore the use of the stock market listedcompanies in Hebei Province, the expansion and development of practice, evolution trend ofthe industrial structure in Hebei Province and the internal structure of each industry, andHebei Province, listed companies and listed companies use equity financing situation isanalyzed, failed to take advantage of the stock market in Hebei Province to promote theirindustrial structure optimization reasons discussed and proposed to develop and improve thequantity and quality of the listed companies in Hebei Province, and then proposed the use ofthe stock market in Hebei industrial structure optimization recommendations. The firstchapter introduces the background and significance of this paper describes the impact of theindustrial structure of domestic and foreign scholars on the stock market research. The second chapter of the concept of the industrial structure optimization and equity financing weredefined, briefly introduced the theory of industrial structure, the theoretical analysis of thestock market’s role in optimizing the industrial structure, including the stock market andpromote industrial structure optimization of functional analysis, stock market financingfunction and three industrial demand for funds, stock market, promoting the role of thedifferent industrial optimization. The third chapter introduces the evolution and currentsituation of the industrial structure in Hebei, Hebei three industrial structure and the nationalaverage, and the Bohai Sea compared to other provinces, the internal structure of the status ofthe three industries in Hebei Province were analyzed. The fourth chapter analyzes the Hebeilisted shares distributed among the three industries analyzed the number and refinancing oflisted companies within the industry in Hebei each stock, the final analysis of the use of theboard listed in Hebei Province, the SME board, the GEM stock basic situation and refinancingsituation, and find some problems. The fifth chapter Based on Hebei Province listedenterprises and financing situation, take advantage of empirical test analyzed the the stockMarket, Optimize the impact on the Hebei Province the industrial structure, Among them, thethe empirical’s This paper analyzes the use of a Johansen cointegration test, and established aadjust of VECM Error Correction Model. The results display stock Market with the HebeiProvincial industrial structure optimization into a negative correlation relationship betweenthe, with the theoretical analysis before the of phase contradiction. Chapter VI combined withChapter III and Chapter IV basic situation on the Hebei Province of the three industry and theeach industry listed stocks circumstances, pair Hebei Province failed to capitalize on stockMarket, Optimize the this province of the industrial structure of the reasons for conducted aanalyzed, and the Hebei Province How to take advantage of stock market optimize theindustrial the structure of put forward up recommendations.