Research On The Efficiency Of Anhui Finance Supporting The Development Of Real Economy

Since the economic reform and opening up,Anhui’s economy has developed rapidly and the financial industry has made considerable progress.However in recent years,China’s economy has been growing in a downward slope while the overall financial industry has been sighted in a rapid growth,which may squeeze the real economy from solid to virtual.Since 2008,the proportion of financial industry output value in GDP of Anhui has been rising year by year,in a faster scaling growth than the GDP growth rate.Under this background,it is very meaningful to study the efficiency of Anhui’s financial development in supporting development of the real economy and enhancing efficiency of financial support for the real economy.For scholars both at home and abroad theory,this paper discusses the relationship between financial development and economic development and empirical studies,most scholars believe financial development can effectively promote the development of economy,after 2008 is more comprehensive,some scholars of the excessive growth of financial scale output may inhibit the entity economy,and China is given priority to with indirect financing financial model,the development of banking efficiency decreased than before,will affect the development of the real economy.In view of this this paper,combined with the previous investigation of Anhui enterprises and the development of Anhui province,empirically measured the efficiency of Anhui finance in supporting the development of real economy,empirically analyzed the efficiency of bank credit in supporting the development of real economy,and looked for ways to improve the efficiency of Anhui finance in supporting the development of real economy.First,a descriptive analysis is made on the development status of Anhui’s real economy and Anhui’s financial industry.Through the analysis,it is found that Anhui’s financial industry grows faster than the economy,and the efficiency of financial support for the development of the real economy is relatively low.Excessive reliance on banking financial institutions hinders the improvement of the efficiency of financial support for the real economy;Uneven regional financial development affects the overall efficiency of financial support for the real economy.It is concluded after empirical analysis,financial efficiency in Anhui province has declined in recent years,failing to effectively promote the development of Anhui’s real economy.The factors that affect the pure technical efficiency of Anhui are relatively low in scale efficiency,that is,to improve the efficiency of Anhui finance in supporting the real economy,focus on quality improvement.The real economy which can instead be improved by solid and steady growth of small and micro enterprises,increasing the supply of small and micro credit can effectively promote the growth of the real economy.Therefore,we can enhance the supporting efficiency of Anhui financial industry to the development of the real economy in the following four aspects: firstly,optimize the credit structure,to diversify commercial banking;secondly,expand direct financing channels,to promote the development of multi-levelled capital market;thirdly,to develop small and micro economies,promote the development of small and micro businesses;Last but not least,to encourage balanced development across all regions and strengthen the concentration of the financial industry.