Research On The Impact Of Regional Financial Development On The Transformation And Upgrading Of Industrial Structure

In recent years,China's economy has developed at a fast speed,and has made remarkable achievements in economic development,becoming the second largest economy in the world.However,some problems are emerging behind the rapid economic development,such as unreasonable economic growth structure,insufficient growth momentum,serious environmental pollution,overcapacity,and the gradual disappearance of the dividend of population and resources.China's economy has begun to enter the"new normal".Under the new normal of the economy,the transformation and upgrading of industrial structure is the only way to promote sustainable economic development.In fact,industrial transformation and upgrading is a transformation of the demand for production factors,which is manifested in the change from the previous demand for labor,land resources and other factors to the demand for technology,management and knowledge.In the process of transformation,the biggest problem is the supply of capital.Technological innovation,talent training and the development of emerging industries all need a large amount of financial support.A sound financial system is the key to smooth industr:ial transformation.As a bridgehead area open to southwest China,Yunnan has been adjusting its industrial structure in recent years,which has been optimized to some extent,but there are still many problems.At present,due to the backward financial development in Yunnan,the adjustment of industrial structure is limited.Therefore,Yunnan province is in urgent need of improving the financial development system,improving financial efficiency,and facilitating industrial transformation and upgrading.This paper takes the impact of regional financial development on industrial structure transformation and upgrading in Yunnan province as the research object.Firstly,it analyzes the theories and literatures related to financial development and industrial transformation and upgrading,and analyzes the mechanism of financial development affecting industrial structure.After analyzing and understanding the theoretical knowledge,the thesis focuses on the theme of accelerating the industrial transformation and upgrading of Yunnan province,and analyzes the financial development status and industrial status of Yunnan province.Financial development is mainly analyzed from three dimensions:bank,securities and insurance market.Industrial development is analyzed from three aspects:output value of the three industries,employment personnel and deviation degree of the industry.On the basis oftheoretical analysis and status quo analysis,empirical test was conducted by using ordinary panel regression and quantile regression.Finally,the research results were summarized and the following Suggestions were put forward:expand the scale of financial development and improve the ability of financial services to the real economy;Improve financing structure and enrich financial products;To develop venture capital and support the development of high-tech industries;We will promote regional financial cooperation and open the financial sector wider to the outside world.