Research On Financial Support For The High-quality Development Of Central China

The statement of the 20 th National Congress of the CPC write out that high-quality development is the capital task of constructing a modern socialist country in a comprehensive way.To facilitate high-quality development,we must persistently implement the main concept of innovation,integration,green,openness and sharing.For more than a decade,China has actively promoted the real economy of financial services with new development concepts and achieved high-quality development goals.Ensure that the national economy operates in a reasonable range with a moderately controllable increase in financial scale;Comprehensively deepening the reform of the financial market,financial markets have been further opened to the outside world,and the investment and financing functions have been significantly enhanced,making important contributions to the high-quality development of services;Enlarging the structural reform of the financial supply side,comprehensively promoting the registration regime,greatly improving financial efficiency,and greatly enhancing the adaptability between finance and the real economy.Based on the brand-new development idea,this paper researches the current situation and gap of high-quality advancement level of six provinces in central China,and discusses the principle of financial support for the high-quality advancement of six provinces in middle China from the perspective of bank credit,debt financing and equity financing.Firstly,the involution of high-quality development is summarized,and the relationship between high-quality development and financial scope,productivity and structure is sorted out.Secondly,on the basis of understanding the involution of highquality advancement,a high-quality development proxy scheme is constructed,and the high-quality advancement index of 6 provinces in central China from 2008-2021 is measured and evaluated.Finally,this paper innovatively analyzes the path of financial support for high-quality development from the five dimensions of high-quality advancement index and advancement index about new advancement idea,and uses the panel random effects model to analyze the path of financial sustain for high-quality advancement.Through the outcomes of this paper,it can be found that the high-quality advancement level of provinces in central China has been steadily rising in recent years,but the level between provinces is uneven.The impact of bank credit,debt financing and equity financing on the high-quality advancement index has an obvious active effect,and the impact of bank credit on high-quality advancement index is stronger than that of debt financing and equity financing.Based on empirical analysis and measurement results,this paper proposes countermeasures for the central region.It is necessary to enhance the coordination of development in the central region and narrow the regional development gap;The highquality development of the central region is inseparable from financial support,and the structural monetary policy will continue to be implemented to improve the financing environment,but the expansion of bank credit scale should be moderate;Focus on increasing the proportion of direct financing,improve the supporting mechanism of the financial market,and appropriately expand the proportion of direct financing according to the differences in regional economic environment.