The Impact Of Financial Service System On The High-end Manufacturing Industry In China

In May 2015,the State Council issued the "China made 2025" document.It pointed out that the industrial upgrading and development of the manufacturing industry must be accelerated through the joint efforts of the whole society,and the core competitiveness of the industry should be improved,and the great leap forward development from the manufacturing country to the manufacturing power was achieved.In order to fully implement the requirements of "China made 2025" and"the State Council's guidance on deepening the integration and development of the manufacturing industry and the Internet",the people's Bank of China and other departments jointly put forward the guidance on the construction of financial support manufacturing power in March 2017.The opinion points out that it is necessary to strengthen the support and service of the financial industry to the manufacturing industry,and to improve the financial organization system,the development of the financial capital market and the strengthening of the financial support,and to realize the support and service of the financial industry to the strategy of the manufacturing power.In this context,this paper,taking the impact of the financial service system on the high-end manufacturing industry as the research theme,explores how to improve the diversified financial service system that supports the high-end development of the manufacturing industry.Through the analysis of the literature on the financial service system and the high end of the manufacturing industry at home and abroad,this paper makes an in-depth study of the impact path between the two and collate the panel data of the manufacturing industry in 31 provinces and cities of China in the period of 2007-2016 years and 10 years,and use the measurement model to analyze the high end of the diversified financial service system to the manufacturing industry.The impact of the exhibition.According to the related theories,the financial service system is divided into several indexes,such as policy financial service,commercial financial service and capital market service,and the high-end manufacturing industry is divided into high technology,high added value and high intelligence intensive index,and the appropriate control changes are selected,and the financial clothes are explored from the empirical perspective.How does the business system affect the high-end manufacturing industry?Meanwhile,the related conclusions are explained and analyzed.The results show that all levels of financial markets in the financial service system have different degrees of promotion to the high end of the manufacturing industry,and the supporting role of various financial market services is different for the eastern and western regions of different stages of the development of the high-end manufacturing industry.Finally,this paper compares the research findings with the current financial service system in China,and puts forward suggestions on how to better promote the high-end manufacturing industry.