A Study On The Relationship Between Financial Development And Industrial Upgrading Of China

At present,China is in the period of industrial structure adjustment,the contradiction of industrial structure is prominent,the mismatch between supply and demand is prominent.Accelerate industrial upgrading,change the low-end position of the industrial chain,it is particularly important."13th Five-Year" plan outline clearly that optimizing the modern industrial system and giving priority to support the strategic emerging industries and the development of modern service industry.As a part of modern service industry,financial development itself is the embodiment of industrial upgrading.In addition,a reasonable financial system through the optimization of the allocation of capital resources to eliminate backward industries,eliminate financial constraints,and serve the industrial upgrading.playing a certain role to upgard the industrial sector in theory.This paper studies the theory of domestic and foreign,respectively to the research and innovation of the theory of financial development and industrial upgrading theory.the financial development through the capital formation mechanism,capital allocation mechanism,credit mechanism and catalytic mechanism of technological innovation can promote industrial upgrading,and industrial upgrading through forced financial development and enhance the efficiency of financial transactions financial development caused the demand.Study on the relationship between China's industrial status and current financial development.finding that China's current financial market itself in the rapid development of the financial system at the same time,there are still some problems,the development is not well serve the real economy.The rapid development of the industry but there are problems that irrational industrial structure,industry level is not high.In the analysis of the relevant theoretical research and present,according to the theory to bulid the index.throughing empirical analysis to determine the relationship between China's financial development and industrial upgrading,finding there are little relationship between China's financial development and industrial upgrading and the scale of financial development,only to a certain extent,promote the upgrade the industrial level,there is a long-term equilibrium relationship,but this effect is not Granger causality,that is,China's financial development can't promote industrial upgrading system,can't become the engine of industrial upgrading,only shows that the boat floats high when the river rises.Industrial upgrading has notforced the reform of the financial system,the financial development can't paly obvious role to promot the real economy.Aiming at this problem,this paper puts forward some suggestions:To improve the financial system,to improve the scale and efficiency of financial development and establishment of appropriate financial policies.strengthenning the role of China's financial development to promote the industrial structure,giving the power of China's real economy...