Research on the Influence of Financial Development on Industrial Structure Upgrading

China's economic development has shifted from high-speed and steady growth to a new stage of maintaining high-quality development. In fact, financial development can effectively promote industrial upgrading, specifically, financial development can improve industrial efficiency by promoting the support of modern service industry to manufacturing, and financial development is the foundation and core of building a modern market economy.“ Based on this, this paper selects 30 China from 2010 to 2019 The macroeconomic indicators of provinces (municipalities and regions) are used to construct a panel model, and the financial development indicators are decomposed into three indicators, such as financial scale, financial efficiency and financial structure, and the upgrading of industrial structure is decomposed into two sub-indicators of advanced and rationalization of regional industrial structure, and the direct impact mechanism of financial development on industrial structure upgrading is systematically studied. The following is the conclusion: for a very long time, the development of finance have had a significant impact on industrial structure, with the impact of financial efficiency and financial structure being greater. From this, it is proposed to reasonably control the scale of the financial market and guide the flow of bank credit; Build a diversified financial service system for the corporate sector and improve financial efficiency; Accelerate the construction and development of the financial service system, increase the level of industrial structure simplification in the region and support the high-quality growth of the local economy.