Study On Financial Support For The Development Of Tourism Industry In Qinghai Province

There are Rich and diverse tourism resources in Qinghai Province.Promoting the development of tourism industry in Qinghai Province is of great significance to implement the national “Belt and Road” initiative,promote the economic transformation and upgrading of Qinghai Province,win the fight against poverty,and promote green development.Capital is one of the most important factors in the development of the tourism industry.Financial capital is an important source of tourism industry development funds.How to allocate the elements of tourism industry development through the financial market is the main content of this paper.Based on the economic growth factor analysis theory and the financial development theory research results,this paper analyzes and demonstrates through the combination of literature research method,questionnaire survey method,qualitative analysis and quantitative analysis,and proposes relevant countermeasures in combination with regional development.Firstly,this thesis combines the theories of economics and finance,focusing on the theory of economic growth factors and the theory of financial development.The theory of economic growth factors points out that capital is one of the important factors of economic growth.The theory of financial development points out the elimination of financial repression and promotes financial deepening.It is an important way to form a virtuous cycle of finance and economy.Then,this paper analyzes the development of tourism industry in Qinghai Province,points out the development trend of tourism industry in Qinghai Province,and analyzes the main problems in the development of tourism industry in Qinghai Province.Then,it analyzes the status quo of financial support tourism industry development from two aspects of bank and non-bank finance,and confirms that financial support has a statistical positive promotion effect on tourism industry development through quantitative analysis.Then,it analyzes the problems of financial support for tourism industry in Qinghai Province:(1)There are serious problems of bank credit rationing,low financing efficiency and insufficient credit products in indirect financing.(2)There is a problem in direct financing that is difficult for tourism companies to issue.The conditions of securities financing,the small size of the regional equity market,the ineffective trading,and the imperfect risk investment mechanism lead to the problem of direct financing difficulties.(3)Tourism financial services are still relatively backward and difficult to meet the demand for tourism consumption.Then,the paper also analyzes the main reason for the above problems lies in the lack of economic,geographical and financial basic conditions in Qinghai Province.Finally,combined with the actual situation of Qinghai Province,it puts forward corresponding countermeasures and suggestions from the aspects of improving bank credit support,utilizing the financing function of multilevel capital market and improving the risk investment mechanism.