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Web of Proceedings - Francis Academic Press

The Relationship between Real Economy and Financial Development in Shandong Province

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DOI: 10.25236/ic3er.2019.062

Author(s)

Lu Lu, Huanhuan Chen

Corresponding Author

Lu Lu

Abstract

The economic development focus of Shandong Province is the real economy; however, the development of the real economy and the financial industry are inseparable, and the financial industry plays an important role in supporting the development of the real economy. The rapid development of the economy in Shandong Province makes new requirements for the development and innovation of the financial industry. How to eliminate the drawbacks of the financial industry, truly achieve mutual development with the real economy, and thus effectively promote the development of the real economy is both a mission and a challenge. This work took the methods that the financial industry in Shandong Province uses to promote the development of the real economy as the mainline, concluded that the financial industry in Shandong can promote the growth of the real economy through empirical analysis, and then make targeted suggestions for the adjustment and optimization of the financial industry in Shandong Province, so that the financial industry can better serve the development of the real economy.

Keywords

Shandong financial industry; Real economy; Manufacturing