A Study On The Financial Support For The Circular Economy Development Of Shandong Province

Countries pay more and more attention to on the development of circular economy,because of circular economy as the future development trend of the economic,its development model is sustainable.Review of the fifth plenary session of the party's 18 through "the central committee of the communist party of China to develop the 13 th five-year plan for national economic and social development advice",Outlines the blueprint of the development of our country in the next five years.To some extent,the development of circular economy is based on the financial support,to develop the circular economy must be innovation and research and development of new and high technology,only a lot of money to support high and new technology innovation and research and development,therefore,as a kind of important financial funds to support the development of circular economy,the financial must use its strong capital base,diverse financial means to promote the development of circular economy.Because of the natural resources of Shandong province and the characteristics of the geographical position,led to the part of Shandong province on 10 energy-hungry industries,including loans absorption capacity is strong industry projects.So,need more efforts to promote the development of circular economy in Shandong province,make the development of economic and financial synergy,eventually make Banks,businesses and society can achieve a win-win situation.Based on the above all kinds of knowledge,to explore the gold of financial support for the development of circular economy in Shandong province is a very important theoretical significance and practical significance.This article first comb and summarizes the research status quo of financial support the development of circular economy,then from the Angle of the theory support to explore the mechanism of action of financial support for circular economy development,to lay the theoretical foundation,try to establish the mechanism of financial support the development of circular economy framework,laid the theoretical basis of the research.And then through the study of the descriptive statistics of data and then the paper analyzes the current situation of the financial support of circular economy development in Shandong province.Support based on the above theory,and also in order to be able to comprehensive analysis of the financial support of development of circular economy in Shandong province,this article from the economic system,reduction and reproduction system resources,the ecological environment system and social system four aspects comprehensive considerations to design an index system of circular economy development in Shandong province,and through the entropy method to build the cyclic economy development index,in terms of empirical test,through the establishment of time series model,analyzes several financial support index time series model was established.Respectively from the aspects of theoretical and empirical angles through the above analysis shows that the financial support and the circular economy development in Shandong province is not only a long-term equilibrium relationship between,and a causal relationship.Finally,the comprehensive summary financial support circular economy development in Shandong province,on the basis of this paper put forward the relevant policy recommendations,mainly including give full play to the guiding role of the government,financial institutions and increase credit support for circular economy,to speed up financial innovation to promote the rapid development of circular economy.In order to financial support to promote better development of circular economy in Shandong province.