Study On Banking Industry Supporting The Real Economy Development In China

In the past ten years,China’s real economy and financial industry development levels are inconsistent:the added value of the financial industry has steadily increased year by year,but the real economy is difficult to obtain effective support.Along with the increasingly serious trend of the separation and development of the virtual economy and’the real economy,the financial industry has experienced the phenomenon of f"deviating from reality".In recent years,China’s economic development has entered a new normal state.The Party Central Committee,the State Council,and all sectors of society have put forward higher requirements for the financial industry to assume social responsibility and serve the real economy.At the 5th National Financial Work Conference in 2017,Xi Jinping pointed out:"Financial development should focus on serving the real economy,improving the efficiency of resource allocation and returning to the origin of the real economy."At the same time,it is further emphasized in the report of the 19th National Congress of the Communist Party of China.The need to strengthen the economic capabilities of financial services entities.As the main body of modern financial industry and the link of national economic development,the banking industry bears the important function of resource allocation;it provides services such as financial communication,payment and settlement,and decentralized risk management for enterprises at different stages,different regions and different entities.Banking operations,efficiency and asset risk management can have a significant impact on the growth rate and quality of the real economy.In recent years,China’s banking industry has become more stable,risk management has continued to improve,asset quality has continued to improve,and support for the real economy has been further enhanced.It can be seen that serving the real economy is the direction of the current banking industry development,and.how to guide the financial return to serve the real economy of the entity is an important task of current financial work.The purpose of this paper is to study the impact of the development level of the banking industry on the development of the real economy in the context of the new normal economy in China.The article first defines the research problems through theoretical analysis and current situation analysis,and then selects the panel data of 31 provinces in 2001-2016.Through the establishment of static and dynamic panel data models,it is concluded that the banking industry promotes the growth of the real economy and has a significant The proportion of banking credit has increased.Subsequently,the quantitative regression of the phenomenon of imbalanced regional development in China was carried out.The results showed that the degree of influence of the banking industry in the eastern,central and western regions on the real economy was different.Therefore,suggestions for implementing regionally differentiated financial policies were proposed.