Analysis of Influencing Mechanism of Banking Market Structure on Industrial Structural Upgrading

摘要

The change of banking market structure may finally influence of development of various industries via guiding the allocation of capital resources among industries. Based on panel data model and SYS-GMM estimation, this paper surveyed the influence of change of Chinese banking structure on industrial structural adjustment and then further explored the influencing mechanism in it. The result showed that, under overall samples, the increased proportion of non-state-owned banks in China not only is beneficial to the reasonable development of industrial structure, but also can promote advanced development; banking structure will influence the rationalization as well as optimization of Chinese industrial structure through technological progress and financing restraint looseness. The influencing mechanism of technological progress is positive while the influencing mechanism of financing restraint looseness on rationalization as well as optimization is in the opposite.