Comparison Of The Differences In The Development Of Beijing, Shanghai And Shenzhen Technology Finance And Their Impact On The Competitiveness Of High-tech Industries

The development of finance plays an important role in economic activities.It plays a fundamental role in the allocation of resources,especially the allocation of funds,which regulates the rational flow of funds between industries,withdraws from inefficient industries,Capital utilization efficiency of high-tech industries,and constantly promote the industry to rationalize and advanced adjustment.Based on this domestic and foreign scholars on the financial market development and economic growth,the relationship between the industrial structure to do a lot of academic research,has made remarkable achievements.But more from the traditional financial market development and economic growth,industrial structure of the macro point of view,and rarely based on the perspective of science and technology financial markets to study the development of financial markets and the relationship between high-tech industry competitiveness.This paper attempts to explore the impact of financial market development on the competitiveness of hightech industries from the perspective of science and technology,and give the relevant countermeasures and suggestions on financial market matching with high-tech industries based on the comparison of Beijing,Shanghai and Shenzhen.This paper first reviews and combed the domestic and foreign scholars about the financial market structure and economic rights and related theoretical research of industrial structure,summarizes the financial market structure and economic growth,industrial structure,some of the basic theory and structure of financial markets and the real economy structure,the upgrading of industrial structure influence each other are discussed in this paper.Second,through to the financial market structure and review the basic concepts of high-tech industries,defined in this paper,the research of financial market and the definition and characteristics of high and new technology industry,and further expounds the mechanism of the former to the latter.Then to Beijing,Shanghai and Shenzhen,financial market and the present situation of high-tech industries is analyzed,and compared the difference between the three.Next,this article selects 2005-2014 panel data related to the empirical analysis of three cities,analyzes the financial market structure on the influence of high and new technology industry,the results show that:This paper firstly reviews the domestic and foreign scholars on the traditional financial market development,science and technology financial market development of high-tech industry competitiveness of the relevant theory of research,summed up some basic theoretical point of view,and through the financial market.The definition of the basic concepts of high-tech industry defines the definition and characteristics of the technology financial market and high-tech industry studied in this paper.Secondly,it analyzes the influence of the development of science and technology financial market on the high-tech industry.The relationship shows the development of financial market and the status of high-tech industry in Beijing,Shanghai and Shenzhen,and compare the differences between the three.Thirdly,the paper analyzes the influence of the development of science and technology financial market on the competitiveness of high-tech industry.The results show that the science and technology loan is limited by its debt financing cost.But it has a positive effect on the development of high-tech industry in Shanghai.The venture capital investment can promote the competition of high-tech industry because of its specialty and so on.The scientific and technological capital market has a significant promotion effect on the improvement of the competitiveness level of the high-tech industry.The financial investment of science and technology is due to the financial funds.Developing its high-tech industry can enhance the competitiveness.