The Studiy On The Relationshp Between Financial Development And Industiral Structure Optimization In Hubei Hunan And Jiangxi

Finance is the core of modern economy. Economic development is inseparablefrom the optimization of the industrial structure, but financial have an important role inthe adjustment of industrial structure. Financial system absorb social dispersed funds topromote the rational allocation of resources, and guide the industrial structure torationalize development. The City Cluster in the Middle Reaches of the Yangtze Riveras the core of the three central city is Wuhan,Changsha,Nanchang,is listed as a nationalemphasis development areas. Development direction and positioning expressed as:improvement of infrastructure, improve the investment environment, promote thedevelopment of industrial clusters, expand economies of scale, accelerate theindustrialization and urbanization, undertake the industrial transfer, becoming the centerof economic development in the central region. Judging from the current situation,Hubei, Hunan and Jiangxi contradiction to the process of economic development is fargreater than the speed of the adjustment of industrial structure and the backwardness ofthe industrial structure in the continued economic development. Hubei, Hunan andJiangxi in the industrialization in the early-to-mid-transition period, the industrialstructure is irrational: the rapid development of the secondary industry and tertiaryindustry output value proportion is low, most of the industry is still labor-intensive, highenergy consumption, high pollution industries. Only through constantly optimize theindustrial structure to reap the maximum benefit with the least resources, in order tomake to ensure the coordinated development of the industry. To promote the adjustmentof industrial structure is important and arduous task facing. In this case, it is necessaryto constantly adjust the industrial structure to adapt to the current economicdevelopment, to achieve the optimization of the industrial structure, makes Hubei,Hunan and Jiangxi rapid rise. Hubei, Hunan and Jiangxi financial industry in recentyears, the rapid development of the overall level rising, but more eastern region is stillin a relatively backward state. The adjustment of industrial structure is heavilyinfluenced by the impact of financial development, and to accelerate financialdevelopment in Hubei, Hunan and Jiangxi to promote the adjustment of industrialstructure, Hubei, Hunan and Jiangxi, to study the relationship between financialdevelopment and industrial structure in Hubei, Hunan and Jiangxi three provinces rapideconomic.In this paper, the relationship between financial development and optimization of industrial structure in Hubei, Hunan and Jiangxi as research subjects, By way ofempirical and theoretical analyzed of the relationship between financial developmentand optimization of industrial structure in Hubei, Hunan and Jiangxi not only oftheoretical significance, but also easy to give full play to the financial resourceallocation function, promote the optimization and upgrading of industrial structure. Thispaper first introduces the theory of financial development and industrial structureoptimization and some researchers of literature. On this basis, discusses the interactionmechanisms of the industrial structure and financial development in theory. Secondly,we analyze the Hubei, Hunan and Jiangxi financial development and industrial structurefrom the current situation and over the years. Thirdly, empirical testing the relationshipthrough the establishment of a panel model of financial development and industrialstructure of Hubei, Hunan and Jiangxi, find there is a significant correlation betweenfinancial development and industrial structure. Finally, according to the results of thecomparative analysis and empirical analysis, proposed to promote financialdevelopment and industrial restructuring in Hubei, Hunan and Jiangxi suggestions.Based on empirical research, this paper analyzes the intrinsic relationship betweenfinancial development and industrial structure,we proposed financial development rolein the industrial structure as follows: financial--affect savings and investment—affectthe flow structure of funds--affect the allocation structure of factors ofproduction--affect the capital stock structure--affect the industrial structure. Accordingto the problem finding by status analysis and the result of the empirical analysis, andtaking consideration of the practical condition in Hubei Hunan and Jiangxi，respectively,from recommendations by financial development to promote the upgrading of industrialstructure and promote financial development through industrial restructuring: first,establishment the financial model to adapt to the industrial structure; second, strengthenregional financial cooperation; Third, promote the construction of the financialecological environment; Fourth, optimization of resource allocation of the financialmarkets; Fifth, accelerate the improvement of the regional financial risk preventionsystem; Sixth, to promote the development of agricultural industrialization; Seventh, toaccelerate the transformation of traditional industries; Eighth, actively undertakeindustrial transfer form the eastern region.