Study On The Impact Of Financial Support On Industrial Structure Optimization In Zhejiang Province

Financial development is one of the important driving forces of efficient economic and social development.In the context of the global economic transformation,China's economy is facing higher demands and challenges from the international community,thus the Chinese Government attaches great importance to promoting economic and social transformation and upgrading through financial reform and development.As a strong province of traditional economy,in face of problems such as foreign trade barners,rising labor cost,slow transformation and upgrading of private enterprises,environment and resource constraints in recent years,Zhejiang Province finds itself in urgent needs to maintain vitality and motivating forces of economic and social development through further optimizing its industrial structure.Therefore,the Zhejiang provincial government attaches great importance to the issue of financial development,with the aim to nurtures finance as one of the ‘eight trillion industries',and emphasizes that finance must be developed in harmony with the real economy so as to promote the further optimization of the industrial structure.Based on the above background,this paper mainly studies the influence of financial development on industrial structure optimization in Zhejiang Province,and puts forward some suggestions according to the research conclusion.Based on the research purposes,this paper first attempts to define the concept of financial development and industrial structure optimization according to the relevant theories of financial development and industrial structure optimization,on the basis of which the mechanism of financial development to promote industrial structure optimization is expounded and summarized,which lays a theoretical foundation for the expansion and analysis of the later chapters.Further,this paper will first offer a thorough analysis of the present situation of the development of financial and industrial structure in Zhejiang Province,measures and analyzes the three indexes of financial development in Zhejiang Province,namely,financial scale,financial structure and financial efficiency,and looks further into the two concrete embodiment of industrial structure optimization in Zhejiang Province,namely,the rationalization of industrial structure and the advanced industrial structure.Based on this study,this paper tries to highlights the problems existing in the financial development and industrial structure optimization of Zhejiang,and lay a realistic foundation for the discussion of the subsequent chapters.Further,this paper takes the rationalization of industrial structure and the advanced industrial structure of Zhejiang Province as the explanatory variables,and constructs the VAR measurement model to analyze the influence of financial development on industrial structure optimization in Zhejiang Province with financial scale,financial structure and financial efficiency as explanatory variables.Finally,supported by the theoretical mechanism analysis,current situation analysis and empirical analysis of financial development and industrial structure optimization in Zhejiang,and combined with the actual situation of the Province,this paper offers some suggestions on promoting the optimization of industrial structure through financial development in Zhejiang province.