Study On The Efficiency Of Financial Support For Real Economic Development

Finance has a close relationship with the growth of the real economy.Also,the scale and quality of financial development affects the growth of the real economy.One of the reasons why Shandong Province,as a major province in the real economy,has been under downward pressure in recent years is that the financial sector in Shandong Province is underdeveloped and does not provide enough support to the real economy.And,in the wake of the epidemic,the challenges facing the real economy and finance in Shandong province have become even greater.Therefore,it is necessary to promote the development of the financial sector in a smooth and healthy manner,so that finance can match the scale of development of the real economy;to enhance the effectiveness of financial support for the real economy and to achieve a positive interaction between finance and the real economy.In this general environment,it is of great significance to study the efficiency of financial support for the development of the real economy in Shandong Province and the factors affecting the efficiency.Therefore,this paper takes 16 prefecture-level cities in Shandong Province as research objects,measures the efficiency and analyses the influencing factors in order to find effective ways to enhance the efficiency of financial support for the development of the real economy in Shandong Province.This paper gives an overview of the current situation of the real economy and the development of the financial sector in Shandong Province,and analyses the existing problems:the development of the financial sector is relatively backward,and there is a phenomenon of"de-realisation to deficiency";there is a certain imbalance between the financing structure and the development structure of the financial sector;there are various kinds of risks in the financial market,and the situation is very serious;the development of digital inclusive finance is incomplete,with large differences among regions.Based on this empirical analysis,it can be concluded that:during the period of 2010-2019,the efficiency of financial support for the development of the real economy in Shandong Province is generally declining,and the macro environment and technological innovation capacity of the financial industry development are not satisfactory;improving the efficiency of financial intermediation and the level of direct financing development can effectively improve efficiency,and the scale of the financial industry and the degree of industrial structure optimization also have a positive impact on efficiency;the current The development of digital inclusive finance in Shandong Province is still at a preliminary stage,and its effect on the efficiency of financial support for the development of the real economy is not significant.Finally,on the basis of the current situation and empirical findings,targeted suggestions are given:support the development of the financial industry and improve the efficiency of intermediation;vigorously develop direct financing and optimize the structure of the capital market;and actively support the development of digital inclusive finance.