Research on the Impact of Digital Inclusive Finance on Financing Constraints for Small and Medium Sized Enterprises

Authors

  • Fangqi Shi

DOI:

https://doi.org/10.6981/FEM.202409_5(9).0004

Keywords:

Digital Inclusive Finance; Small and Medium-sized Enterprises; Financing Constraints.

Abstract

The continuous promotion of digital industrialization and industrial digital transformation has led to the unstoppable development of the digital economy, which has given rise to digital inclusive finance. This concept was first announced at the 2016 G20 Summit. It is a perfect combination of inclusive finance, technology, and data, with both inclusiveness and technicality. It can reduce information asymmetry, alleviate financial exclusion, and effectively balance credit allocation. However, at present, the development of digital inclusive finance in China is relatively slow, with uneven regional development, single financing channels for small and medium-sized enterprises, high financing difficulties, weak trends and corporate awareness, and increased difficulty in digital inclusive finance for small and medium-sized enterprises. Banks are facing more difficulties in developing digital inclusive finance. Therefore, this article proposes some measures to solve the difficulties faced by small and medium-sized enterprises in financing through digital inclusive finance, including improving the debt recovery system, reducing loan costs, innovating inclusive financial services, and promoting the digital transformation of small and medium-sized enterprises.

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References

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Published

2024-09-13

Issue

Section

Articles

How to Cite

Shi, Fangqi , trans. 2024. “Research on the Impact of Digital Inclusive Finance on Financing Constraints for Small and Medium Sized Enterprises”. Frontiers in Economics and Management 5 (9): 30-37. https://doi.org/10.6981/FEM.202409_5(9).0004.