The Research On The Impact Of The Financial Leasing Industry On Economic Growth Of The Guangdong Free Trade Zone

Financial leasing industry is a major topic of financial innovation,which is advancing rapidly with a vigorous momentum in Guangdong Free Trade Zone.By2021,Guangdong Free Trade Zone has possessed the largest number of financial leasing enterprises among all the China free trade zone,and the financing scale has exceeded 1 trillion yuan.However,under the dual challenges of rising global protectionism and major impact on the industrial chain,Guangdong Free Trade Zone faces new problems of optimization and transformation while significantly increasing its leasing scale.Therefore,it is of great theoretical value and practical significance to evaluate the impact of financial leasing industry on the economic growth of Guangdong Free Trade Zone and analyze its specific impact mechanism for Guangdong Free Trade Zone to establish a modern financial leasing system with great international competitiveness in the future,promote the sustained and stable economic growth in the Free Trade Zone,and then extend to Hong Kong and Macao,connect the mainland,cultivate opportunities in the crisis and open a new bureau in the changing situation.The main research contents of this paper include: first,based on the development background of financial leasing at home and abroad,this paper puts forward the relevant concept definition and theoretical basis.Second,by analyzing the development status of the financial leasing industry in Guangdong Free Trade Zone and comparing the financial leasing industry in Tianjin Free Trade Zone,the existing problems of the financial leasing industry in Guangdong Free Trade Zone are put forward.Thirdly,based on the actual situation of development,according to the financial leasing cycle theory,industrial linkage theory and diamond model,this paper tries to discuss the influence mechanism of financial leasing industry on the economic growth of Guangdong Free Trade Zone from the theoretical level.Financial leasing industry drives the economic development of Guangdong Free Trade Zone by stimulating economic aggregate growth,driving investment demand,promoting import and export trade and developing cross-border finance.Fourthly,from the practical level,the grey correlation analysis model is established,and the relevant economic index data of Guangdong Free Trade Zone from 2015 to 2021 are used to verify the above influence mechanism.The results show that:(1)There is a strong correlation between the financial leasing industry and the macroeconomic aggregate of Guangdong Free Trade Zone,the level of attracting foreign capital,investment and trade facilitation,import and export trade and cross-border finance,and a medium correlation between the financial leasing industry and overseas investment.(2)The promotion effect of financial leasing on investment is mainly reflected in the introduction of foreign capital and investment convenience;The driving effect on trade is reflected in the volume of import and export trade and trade convenience.(3)The reasons for the strong correlation between the financial leasing industry and various economic indicators are the characteristics of the financial leasing industry,the development status and policy guidelines of Guangdong Free Trade Zone.Finally,based on the conclusions,this paper puts forward relevant suggestions to further promote the efficient and high-quality development of financial leasing industry from the levels of enterprises,industries and governments,so as to provide effective reference for the economic growth of Guangdong Free Trade Zone.