Study On The Relationship Between The Financial Intermediation And Industrial Structur Adjustment

With the formal introduction of the 13 th Five-Year Plan, promoting economic transformation and the new form of industry development, is the realization of China’s economy a new round of growth of an important driving force. Industrial structure adjustment from fund support, because our country at present, the direct financing channels are sluggish, the financial intermediary and indirect financing main body as the main financing channels. And the Shandong Province industrial structure adjustment of an important period, so specific to the region of Shandong Province’s industrial structure adjustment and financial intermediary between what is what kind of relationship, this paper from the theoretical and empirical point of view to explore Shan Dong province industrial structure adjustment and financial intermediaries, in order to achieve the Shandong Province economic steady growth.First, combing the financial intermediary and the adjustment of the industrial structure of knowledge, grasp the ways and means of the financial intermediary and the adjustment of industrial structure interact with each other; analysis of financial intermediaries through aggregation, distribution, create, technology innovation, risk management and so on the adjustment of industrial structure produced positive effect; on the contrary, the adjustment of industrial structure will need more high-quality financial intermediary service, to meet the requirements of industrial development, and promote financial intermediation toward a more perfect direction changes.Secondly, exploring the development status of Shandong Province for financial intermediaries and the adjustment of the industrial structure, the developed Jiangsu and Guangdong Province and compared draw for agriculture in Shandong Province is very high, the service industry is not very developed, industrialization level is not high, there is still a certain gap, employment structure is not as Guangdong and Jiangsu provinces, and between the output value of the three industries structure and employment structure exist certain distortion, there are a lot of labor not from Agriculture released, need to continue to adjust and optimize the industrial structure.Again, summarizes the predecessors on financial intermediation and the adjustment of the industrial structure of literature, focused on the use of econometric methods to explore the relationship between Shandong Province’s industrial structure adjustment and financial intermediary, selecting 1990-2014 during the past 24 years in Shandong Province financial intermediary development index and the index of industrial structure adjustment number to make based on VAR impulse response and variance analysis and co integration test, the establishment of VEC model, using the Granger causality test of financial intermediaries and the adjustment of industrial structure that argument, draw the conclusion: there is a mutual promotion relationship of Shandong Province industrial structure adjustment and financial intermediary and short-term and long-term relationship is different.Finally, based on the results of empirical research, this study puts forward the corresponding countermeasures and suggestions for the coordinated development of financial intermediary development and industrial structure adjustment in Shandong province.