An Empirical Analysis of the Effects of Urban Financial Industry Convergency on the Upgrading of Industrial Structure——Taking Shanghai as an Example

The network structure formed by financial convergency can benefit the enterprises of both financial industry and related industries.Financial development has an important effect on the adjustment of industrial structure and promotion of the level of industries by acting on the internal mechanism of the change in industrial structure.The author analyzes the dynamic development of Shanghai financial industry convergency with the percentage of financial industry of Shanghai in China,and then makes a quantitative analysis of the capacity of Shanghai financial enterprises transferring savings to investment and the effect of financial system on increasing savings,and then discusses their influence on the alteration of industrial structure in Shanghai.The conclusion is that the financial development in Shanghai can promote the upgrading of industrial structure.