Financial Technology, Green Credit And Regional Industrial Structure Upgradin

Over the past 40 years of reform and opening up,our country’s economy has developed rapidly,national income has been continuously increased,and the consumption structure of residents has been upgraded.Until the 19 th National Congress of the Communist Party of China proposed that China’s economic development will shift from high-speed development to high-quality development,and the contradiction has shifted from the demand side to the supply side,and supply-side structural reform has become a necessary measure.The core is to promote the transformation and upgrading of the industrial structure,increase high-end production capacity,and reduce low-end production capacity.At the same time,green development,as an important symbol of high-quality development,requires the green financial system to provide financial support for the upgrading of industrial structure.Green credit,as the main form of green finance in our country,has phenomena such as "greenwashing" and "pseudo-greening".How to solve the problem? This issue is the core essence of promoting the upgrading of the industrial structure.From a practical point of view,the use of Fintech can improve credit efficiency and prevent credit risks.In addition,the Yangtze River Economic Belt,as a new support belt for our country’s economy,should play a leading demonstration role.Therefore,it is of great practical significance to incorporate Fintech,green credit and industrial structure upgrading into the same research framework,and to explore the mechanism of Fintech to promote industrial structure upgrading through green credit in the Yangtze River Economic Belt.First of all,this dissertation sorts out the connotation and characteristics of Fintech,as well as the related theories of green credit and industrial structure upgrading.On this basis,it analyzes the relationship between the three and puts forward theoretical assumptions,and then analyzes the development status of the three on the national level and the Yangtze River Economic Belt level.Secondly,this study selects the panel data of 11 provinces(cities)along the Yangtze River Economic Belt from 2011 to 2020,constructs a fixed effect model and a mediation effect model to empirically test the theoretical hypothesis,and conducts heterogeneity analysis and robustness test..The main research conclusions are:(1)The benchmark regression results show that Fintech in the Yangtze River Economic Belt can significantly promote the upgrading of industrial structure;(2)The regression results of the intermediary effect show that green credit in the Yangtze River Economic Belt plays an important role in the process of Fintech affecting the upgrading of industrial structure.(3)The results of heterogeneity analysis show that there are differences in the impact of Fintech on the upgrading of industrial structure in the upper,middle and lower reaches of the Yangtze River Economic Belt.Finally,this study puts forward the following suggestions from the aspects of Fintech development,improvement and implementation of green credit policies,and formulation of industrial policies:(1)Improve the top-level design of Fintech,and insist on promoting Fintech innovation;(2)Perfect the system of green credit policy and build a restraint and incentive mechanism;(3)Strengthen the management of green credit processes and establish a sound information sharing mechanism;(4)Optimize the allocation of production factors among industries,and promote the upgrading,rationalization and ecology of industrial structure;(5)According to regional characteristics,develop differentiated industrial policies.