Correlation matrix.

Correlation matrix.</p

Large private shareholders, local industrial policies and industrial loans of city commercial banks (consider cross-provincial operations of banks).

Large private shareholders, local industrial policies and industrial loans of city commercial banks (consider cross-provincial operations of banks).</p

Large private shareholders, local industrial policies and industrial loans of city commercial banks (consider the turnover of local officials).

Large private shareholders, local industrial policies and industrial loans of city commercial banks (consider the turnover of local officials).</p

The shareholding of large private shareholders and banks’ industry loans.

The shareholding of large private shareholders and banks’ industry loans.</p

Group differences in the shareholding of large private shareholders.

Group differences in the shareholding of large private shareholders.</p

Large private shareholders and industrial loans of city commercial banks (Difference between groups).

Large private shareholders and industrial loans of city commercial banks (Difference between groups).</p

Large private shareholders, local industrial policies and industrial loans of city commercial banks (consider the timeliness of industrial policies).

Large private shareholders, local industrial policies and industrial loans of city commercial banks (consider the timeliness of industrial policies).</p

Moderating effect of local industrial policies on the large private shareholders—Industry loans of city commercial banks relationship.

Moderating effect of local industrial policies on the large private shareholders—Industry loans of city commercial banks relationship.</p

Descriptive statistics.

Descriptive statistics.</p

S1 Appendix -

(PDF)</p