Analysis Of The Impact Of Industrial Structure Optimization On Financial Capital Liquidity In The Bohai Rim Region

With the rapid economic development,the Bohai Rim region has become the "third growth pole" of China's economic development.Financial capital flow is the driving force for the development of regional economy.Under the condition of efficient financial operation,its rational and orderly flow will inject capital and vitality into the development of regional industrial structure and promote the coordinated development of regional economy.Due to the differences in financial basis,geographical location and industrial structure,the financial capital flow rules of three provinces and two cities in the Bohai Rim region are complex.The study of financial capital liquidity around the Bohai Sea has become a hot topic for the government and scholars at home and abroad.This paper analyses the changing rules of financial capital flows in three provinces and two cities around the Bohai Sea,especially the impact of industrial structure on financial capital flows.Based on the Feldstein-Horioka model(FH model),an extended FH model with optimization of industrial structure in different periods was established to analyze the changes of financial capital liquidity in three provinces and two cities in the Bohai Rim region.From 2004 to 2009 and 2010 to 2016,the main conclusions are as follows:from 2004 to 2009,the optimization of industrial structure reduces the liquidity of financial capital in the Bohai Rim region,and the liquidity index rises from 0.4163 to 0.4778;from 2010 to 2016,the optimization of industrial structure enhances the liquidity of financial capital in the Bohai Rim region.Sex index decreased from 0.3067 to 0.2532,and the impact of industrial structure optimization on financial capital liquidity in the Bohai Rim region gradually decreased from 0.0615 to 0.0535.The influence of industrial structure optimization on financial capital flow in the Bohai Rim region is complex,which is related to the economic background and government policies in different periods.Finally,compared with the Yangtze River Delta region,it is concluded that the liquidity of financial capital in the Yangtze River Delta region is higher than that in the Bohai Rim region.From 2010 to 2016 and from 2004 to 2016,the impact of industrial structure optimization on financial capital liquidity in the Yangtze River Delta region is the same as that in the Bohai Rim region.As a whole,the liquidity of financial capital in the two regions has gradually increased.Based on the results of the analysis and the actual development of the Bohai Rim region,the paper puts forward three suggestions:first,to promote the financial development of the Bohai Rim region,the government should intervene in the reform and development of financial capital in the Bohai Rim region to improve the liquidity of financial capital;second,the governments around the Bohai Sea region should have Coordinating development consciousness,breaking through space restrictions,developing industry clusters,rationalizing industrial structure and promoting the development of financial capital liquidity in the Bohai Rim region;Third,formulating corresponding industrial structure optimization strategies to improve the level of financial capital flow in the Bohai Rim region in view of different stages of industrial structure development.Promote the coordinated development of the Bohai Rim region.