The Impact Of The Credit Market And The Capital Market To The Conversion Rate On Savings-investment In Guangdong Province

The development of China’s economic is rapid, but this development is torely on the elements of high-input-driven, such as the elements of capitals, for a longtime, China’s high savings rate and high rate of investment to the economicconstruction of sufficient funds, promote economic long period of rapid growth. Butthe growth of the hidden problem is at the same time, saving investment conversionrate is low in our country.An objective reason is that China’s financial system is stillin the initial stages of development, the flaws of the financial system is in the capitalmarkets area segmentation hampering the cross-regional movement of capital andsavings, so a lot of savings to remain in areas of low efficiency, resulting in savingscan not effectively transform into investment, which will lead to the low conversionrate of the saving-investment for the country as a whole.In our country, present regional differences in economic and financialdevelopment. Areas for good investment opportunities in the region, or thedevelopment of capital markets is relatively whether there are also savings can not beeffectively translated into investment? This paper examined the credit and capitalmarkets in Guangdong Province, Analysis of the impact of the provincial savingsinvestment conversion rate of credit and capital markets in Guangdong Province.Select the2006-2011data after the split share structure reform to empirical analysis.Analyzed through the gray relational investment is that there is not only a influencebetween Credit and capital markets and the conversion rate of the saving-investmentin Guangdong province, but also the influence degree is big. Therefore, in order toimprove the conversion rate of savings-investment in Guangdong Province should begood to play the role of the two markets. Finally according to the actuality of creditmarkets and capital markets in Guangdong province and the existing problems,putting forward some policy suggestions to increase savings investment conversion ofGuangdong province.