Research On The Relationship Between Financial Development And Industrial Structure In Anhui Province

China has experienced several profound changes in industrial structure since the reform and opening of economy, and the economic level has also made considerable progress. Since the year of 2008, in the backdrop of domestic and international complex situation of macroeconomic and financial, Anhui has respond positively to national macroeconomic policies, take the reform as guide, Initiative to adapt to the new normal economic development,make transfer and adjustment of the structure to a more prominent position, reform financial system comprehensively and deeply, effectively guard against financial risks,and continue to make efforts to adjust industrial structure, and promote economy develop coordinately and effectively. At the same time, we continue to implement the proactive fiscal policy and prudent monetary policy to ensure economic operation at a reasonable interval to ensure sound operation of the financial industry. It is obviously that the importance of financial development and the optimization and upgrading of industrial structure has become more important in Anhui economic development.Although in recent years Anhui province has speed up the financial development and accelerated the pace of the adjustment and upgrade of industrial structure, but all of this lags behind the economic development process and the adjacent provinces and national level. So, in the hard period of the economic transformation and upgrading, increasing the speed of financial development layout and enhancing the strength of the industrial structure optimization have become the top priority of Anhui great-leap-forward development. Financial is the focal point of the contemporary economic and one of the important pillar industry of national economy and plays an irreplaceable role in China’s economic development. Moreover, in the process of industrial structure change, its financing is the promoter of the industrial structure optimization and upgrading. As a result, the research on interactive effectiveness between financial development and optimization and upgrading of industrial structure in Anhui province will be conducive to clearing the direction of the adjustment of industrial structure optimization for related department, establishing a perfect financial system, promoting the overall level of Anhui’s financial industry and promoting the role of the financial development in the upgrading of the industrial structure.There are five parts in this paper. The first part is introduction. In this part, the author first illustrates the research background and significance of the article, then combs the literature review of financial development and industrial structure, and finally introduces the research contents and train of thought, research methods, innovation and deficiencies of this paper. The second part expounds the interactive mechanism between financial development and industrial structure relationship and comes to the conclusion that three internal mechanism through which the financial development influences the change of industrial structure ate the capital formation, capital allocation and credit catalytic, and the optimization of industrial structure is bound to promote the improvement of the financial structure and financing system. The third part is about the status quo of financial development and industrial structure in Anhui province. First, describe the characteristics of the total financial in Anhui province, development situation of banking, securities and insurance industry, the financing structure characteristics and the change of the LDR, and then point out the problems of the financial development in Anhui province. The following is the analysis of current situation of industrial structure of Anhui province. In consideration of the three main industries output value proportion and the practitioner structure of three main industries, the author explains the development course of industrial structure of Anhui province in detail and outlines the basic characteristics of industrial structure of Anhui province. The fourth part is the key chapter of this article and uses the Eviews software to build models of measurement, including variables selection, data sources and the construction and estimation of the model. This part makes an empirical test on the relationship between financial structure and industrial structure in Anhui province through stationarity test, cointegration test and granger causality test, and finally summarizes the empirical analysis process and results. The last part summarizes the full text, and puts forward some countermeasures and suggestions about how to promote upgrading of the industrial structure of Anhui province through the development of financial industry according to the result of empirical analysis.In view of the problems existing in the financial development and industrial structure of Anhui province and the empirical analysis conclusion, the author put forward the following countermeasures combined with the specific situation of Anhui province. First, enrich the system of financial institutions to improve the industrial upgrading. Second, accelerate the development of the securities industry and optimize financing structure. Third, optimize the allocation of financial resources and improve the efficiency of financial development. Fourth, promote financial innovation and improve the financial policy so as to promote the development of industry.