The Development of Digital Finance in China:Theoretical Mechanisms,Practical Challenges and Policy Recommendations
Digital finance is one of the five major links in promoting the high-quality development of financial services.Based on the cutting-edge literature in the field of digital finance,this paper analyzes the phenomenon of China's rapid growth of digital finance from a theoretical perspective,attributing its causes to the huge market demand driven by financial repression,the innovative processes implemented by entrepreneurs using digital technology,and the relatively inclusive supervisory concept of regulators.Subsequently,the paper examines the new issues arising from recent changes in domestic and international conditions,including the slowdown in demand growth,the emergence of technical bottlenecks,and the tightening of regulations.Finally,it presents several policy suggestions for effectively advancing digital finance in light of the new stage and evolving circumstances.
digital financemarket demanddigital technologyentrepreneurshipfinancial regulation
万方数据
维普
