The Research On The Impact Of Inclusive Finance On Industrial Structure Optimization

China’s economic development has entered a new normal.The high input and extensive industrial development mode has become an obstacle to the healthy development of China’s economy.The optimization of the industrial structure under the new situation is an important focus to promote the healthy and steady development of the country’s economy.Finance has played a role in resource allocation in modern economic development.The optimization of industrial structure is largely affected by financial resources.However,my country’s current financial development tends to expand in scale or increase in depth.The financial constraint problem solved has very little effect.Inclusive Finance attaches importance to highlighting the inclusiveness of Finance and actively encourages financial innovation,which can improve the efficiency of resource allocation,and creates new vitality for optimizing the industrial structure.Based on my country’s current policy environment and economic development status,it is of great practical significance to discuss and analyze the relationship between industrial structure optimization and inclusive finance.This paper uses the panel data of 30 provinces and cities from 2011 to 2019 to explore and analyze the correlation between industrial structure optimization and inclusive finance.Firstly,starting with the optimization of industrial structure and inclusive finance,the literatures were sorted out from three aspects: the measurement,influencing factors and effects of inclusive finance and industrial structure optimization.Define the concept.On this basis,this paper summarizes the impact mechanism of inclusive finance development on industrial structure optimization from the two paths of enhancing technological innovation and easing credit constraints.After that,14 specific indicators were selected from four aspects: the penetration of financial services,the availability of financial services,the utility level of financial services,and the affordability of using financial services.The development status of inclusive finance;calculate the optimization coefficient of the industrial structure and describe the current situation of the industrial structure and expound the problems;finally,according to the obtained financial inclusion index,use provincial panel data to empirically test the impact of inclusive finance on the industry The impact of structural optimization,and using different indicators to recalculate the financial inclusion index,using different methods to measure the industrial structure advanced and rationalization indicators,and dividing the time into two periods to conduct robustness tests,the results are as follows:(1)My country’s financial inclusion The development has significantly promoted the optimization of the industrial structure.(2)Compared with the central,Western and eastern regions,the development of Inclusive Finance in the eastern region of China plays a more obvious role in promoting the rationalization of industrial structure.(3)Inclusive finance creates favorable conditions for industrial structure optimization by easing corporate financing constraints and bringing impetus to corporate technological innovation..Finally,based on the research and analysis,this paper puts forward the corresponding policy improvement strategies,hoping to bring positive guidance to the development of Inclusive Finance and promote the optimization and upgrading of industrial structure.