A Study Of The Relationship Between The Financial Development And The Upgrading Of Industrial Structure In Sichuan Province

Since entering the new century, Sichuan province maintain steady economic growth, economic structure is improved, the role of investment becomes increasingly visible. Especially China has made the new western development strategy, the development of Chengdu-Chongqing economic zone construction, the construction of Tianfu new area, create conditions for the rapid development of economy of Sichuan province. Now, Sichuan province is in a high speed up the construction of the western economy, promote the economic development pattern transformation and critical period of restructuring. So the financial industry development has a broad space. But as the economic development, in Sichuan province industrial structure and financial market development level is relatively-backward, and still need to get attention and development.Financial development usually refers to the financial system towards the right direction, from low level to high level development. Financial system mainly includes the financial regulation system, financial system, financial regulation, financial market system, financial environment system five aspects of content. The meaning of financial development gradually abundant, in the early research on the theory of financial development, Goldsmith said that financial development is the change of financial structure. McKinnon and Shaw are focused on to look at financial development from the aspects of system and policy, measures of financial development in financial liberalization. Since the1990s, the frequent outbreak of financial crisis, prompting scholars to review the function of the financial system, Levine view of financial function of financial services and Merton representative. In a word, financial development is to improve the overall level of the financial system, the internal structure optimization, function gradually improve a dynamic process, it is to realize the significance of financial reasonable allocation of resources, promote the economic development and structure optimization. Industrial structure refers to the national economy each industry department’s structure and each industry links and proportion relationship between departments. Sector of the structure and the correlation between each other is different, the economic development of the contribution is also different. The reasonable industrial structure would help the rapid growth of the economy as a whole. So to promote industrial structure optimization is one of the essential means to drive economic growth. Optimization of industrial structure is mainly refers to through the industrial adjustment, the industrial harmonious development and achieve the industrial structure rationally and highly, and realize the sustained and rapid development of economy. Industry structure optimization goal is to realize the rationalization of industrial structure and the deepening of the industrial structure.In this paper, through theoretical and empirical combination of methods, to Sichuan province between financial development and industrial structure upgrade on economic activity relationship and action mechanism are analyzed. Starting from the situation of Sichuan province, considering the economic development of Sichuan province, the characteristics of the financial development and industrial structure, combined with relevant theory and unique geographical environment of Sichuan province, policy orientation and economic environment, etc factors, analyze the present situation of financial development and industrial structure in Sichuan province and at the same time to select financial development and industrial upgrading of the indicators of cointegration analysis, and concluded in Sichuan province in the process of economic operation, financial development and industrial structure upgrade and promote role relation exists between each other, according to the empirical test results, combined with the overall economic environment and the status quo of the industrial structure in Sichuan province put forward the corresponding policy recommendations to promote the financial development and industrial structure optimization, to promote the whole society steady and healthy development of the economy.