An Empirical Study Of Commercial Bank Credit Supporting The Development Of Qingdao's Tourism Industry

With the development of economy and society,the tourism industry has gradually become the emerging green industry with the strongest development and the broadest prospects in China.It gradually shows its important role in social and economic development.Tourism is in line with the requirements of sustainable economic development in China.It can accelerate the integration and transformation of various industries in the country and change the traditional economic development model.In recent years,Qingdao has always regarded the tourism industry as a key industry for economic development.The total tourism revenue in Qingdao has increased year by year and the results have been remarkable.The development of Qingdao's tourism industry has inherent self-advantages and the level of development has been greatly improved.However,compared with some internationally renowned tourist cities,there is still room for improvement.Commercial banks are the pillar industries of China's national economy and an important subject for providing financial capital support for the tourism industry.The credit support of financial institutions plays a very important role in promoting the progress of Qingdao tourism.In addition,tourism,as an emerging industry driven by the modern service industry,can promote the adjustment and optimization of China's industrial structure.Therefore,under the guidance of relevant national industrial policies,promoting the credit support role of banks in the tourism industry can create greater development space for tourism enterprises and provide more favorable protection for the innovation and development of commercial banking business.This paper analyzes the current situation of Qingdao tourism industry and the status of commercial banks supporting the development of tourism industry.The credit support for the tourism industry,as the key research object,builds a time series analysis model,through cointegration test,error correction and Granger causality.It is found that bank credit support can promote the development of Qingdao's tourism industry and promote the development of tourism industry,but the scale of credit support is fluctuating.Finally,through theoretical analysis and empirical results,it is found that the problems and causes of commercial banks in Qingdao support the development of tourism industry,and put forward specific strategies and suggestions for promoting commercial banking business innovation and improving the quality of Qingdao tourism industry.