Research On Financial Support Of Economic Transformation And Upgrading In Henan Province

At present,the economy of Henan Province is facing the growth shift,structural optimization,power conversion,which need to continuously improve the economic quality and economic benefits,and need to continue to achieve economic transformation and upgrading of Henan Province.Henan Province need to promote economic and industrial structure optimization and to the high-end level Progress.In order to enhance the comprehensive economic strength.In the macroeconomic background,Henan Province should pay attention to economic development,accelerate economic transformation and upgrading.From the financial point of view,this paper studies the economic transformation of Henan Province,to grasp the economic development trend,focus on promoting reform,adjust the industrial structure and economic structure,promote the economic transformation and upgrading of Henan Province.The finance of Henan Province play the important role in the modern market economy,especially in the process of economic transformation and upgrading.Based on the theoretical basis of economic transformation and upgrading and financial development,this paper analyzes the mechanism that financial support economic transformation and upgrading.First of all,this paper analyze the current situation of the economic transformation and upgrading of Henan Province and the allocation of financial resources.Analysis of economic transformation and upgrading of Henan Province include industrial upgrading,industrial production efficiency,high-tech industries,energy-saving emission reduction low-carbon development.Analysis of financial development in Henan Province include deposits and credit in Henan Province and the allocation of financial resources.And this paper analyzes the characteristics of financial resources allocation in the process of the transformation and upgrading.Secondly,on the basis of the analysis of the current situation,and constantly explore the outstanding problem of economic transformation and upgrading in the process of financial development in HenanProvince.The main problems: imbalance in financing structure,lacking commercial bank loan power,unreasonable credit structure,low financial efficiency and so on.Thirdly,this paper combined with empirical analysis,according to the empirical analysis of the impact factors of financial credit on economic growth in Henan Province,it is concluded that medium and long-term loans have a greater positive impact on economic growth than short-term loans.According to the empirical analysis of the deepening of financial and industrial upgrading in Henan Province,it is concluded that financial deepening and financial efficiency are of great significance to the optimization of industrial structure.The process of economic transformation and upgrading of Henan Province need to strengthen the financial deepening and improve financial efficiency.Finally,the paper puts forward some suggestions: building a multi-level financial service system,clarifying the credit structure orientation of economic transformation and upgrading,expanding the financing mode to promote the optimization and upgrading of the structure,enhancing the ability of financial service for technology,and using finance policy to promote the economic restructuring and upgrading.