A Study on the Coordinated Development of Inclusive Finance and Green Finance Driven by Fintech
The 24th meeting of the Central Committee for Comprehensive Deepening of Reforms emphasized the importance of promoting the integrated development of inclusive finance and green finance.This study aims to investigate the role of fintech in facil-itating this integration,using economic and financial panel data from 291 prefecture-level cities in China spanning from 2011 to 2021.The research findings demonstrate a strong coupling coordination between inclusive finance and green finance.Moreover,the study reveals that fintech plays a significant role in promoting their integrated development.By enhancing the resource allocation function of finance,fintech facilitates the coordinated development of inclusive finance and green finance.Furthermore,the study highlights that apart from regional financial development and human capital levels,the actions taken by local governments also play a crucial role in determining the level of empowerment achieved by fintech.