Research On The Influence Of Financial Structure On The Optimization And Upgrading Of Industrial Structure Based On Spatial Panel Model

Facing the challenges brought about by the "new normal" of the economy,how to reasonably promote the process of optimizing and upgrading China's industrial structure is an important issue for China to smoothly pass the "new normal" period.At the same time,companies in different industries have different scale characteristics,risk characteristics and financing needs.Only when the financial structure and the industrial structure of the real economy match each other can the functions of the financial system be maximized.The research on the relationship between financial structure and industrial structure optimization and upgrading is based on the inter-provincial financial structure data and industrial structure data of 31 provinces and cities in China from 2006 to 2016,and from the financial structure-industrial structure advanced and financial structureindustry rationalization.Establish an empirical study of the panel data model and the spatial panel model.The results show that:(1)The changes and adjustments of the financial structure will indeed affect the upgrading of industrial structure,and from the perspective of rationalization of industrial structure and advanced industrial structure,the impact of China's current financial structure on the optimization and upgrading of industrial structure is different.At the same time,it denies the applicability of the dual financial structure theory in China;(2)the spatial effect caused by the location factor has a significant impact on the process of optimizing and upgrading the industrial structure of China's financial structure,and different spatial effects even lead to Different impact effects;(3)Compared with direct investment,indirect investment plays a more prominent role in the process of financial structure affecting China's industrial structure.At the same time,the high concentration of industry in China's banking industry has also hindered it to some extent.The optimization and upgrading of China's industrial structure.Therefore,to optimize the relationship between China's financial structure and industrial structure optimization and upgrading,it must be combined with China's current industrial structure development status,adjust the corresponding institutional mechanisms,deepen financial reform,improve the financial market environment,and release financial vitality and innovation.Ability to continuously optimize the financial structure to adapt to the process of optimizing and upgrading the industrial structure of China,thus playing a more active role.