Research On Financial Support For Real Economy Development In Shandong Province

The real economy is the foundation of building a country and the fundamental source of social wealth.In the background of “new normal” of economy,if the Chinese economy is to achieve sustained and stable growth,it must develop the real economy.As the bloodline of the development of the real economy,finance plays a very important role in the healthy development of the real economy.At present,China's financial support for the development of the real economy has not been fully exerted.A large amount of capital has been deposited in the financial system,and the phenomenon of “taking off to empty” of the national economy has become an obvious issue in the process of China's economic development.As a strong economic province in northern China,Shandong Province also faces the problem of insufficient financial support for the development of the real economy.In recent years,the real economy of Shandong Province has achieved rapid growth,which is inseparable from financial support for the real economy.However,as an important force to promote the development of the real economy,there are still many problems in supporting the development of the real economy,such as the backward level of the financial industry and the slow development of the capital market.Therefore,how to make Shandong's financial industry better serve the local real economy has become an issue that needs urgent research and solution.The purpose of this article is to study the financial support for the development of the real economy in Shandong Province.Based on the previous research results,and using economics related theories,the paper first discusses the concepts of financial support and the real economy and the mechanism between them.After analysis,I believe that moderate financial development is conducive to promoting the development of the real economy,and the development of the real economy will in turn play a leading role in the development of finance.At the same time,combined with the status quo of Shandong Province's financial support for the development of the real economy,it analyzes the problems in Shandong Province's financial support for the development of the real economy.Then,this article uses the relevant economic data of Shandong Province from 1998 to 2017 for empirical analysis,and analyzes the relationship between financial development and the real economy from three aspects: financial development scale,financial development structure,and financial development efficiency.Then,this article uses the relevant economic data of Shandong Province from 1998 to 2017 for empirical analysis,and analyzes the relationship between financial development and the real economy from three aspects: financial development scale,financial development structure,and financial development efficiency.Finally,based on the empirical results and the actual situation of Shandong Province,relevant policy recommendations are proposed: accelerate the development of the financial industry and establish a diversified financial institution system;vigorously develop the capital market and improve the efficiency of capital utilization;the government must actively create policy conditions so that the development of the financial industry better serves the development of the real economy.