Analysis of the Mechanisms of Fintech Development in China
Abstract
Chinese economic has developed towards new standards and directions. High-quality is a specific requirement of the new stage of economic development, which not only shows the basic color but shows a new direction of Chinese economic. Promoting economic development has become a significant issue. The role of financial development in promoting economic growth has been widely tested, and defined as innovations in the concordance of digital technology and finance. It can maximize its inclusiveness and accuracy with the support of technology. In addition, economic development has become a great role in the new era. This paper aims to analyze the influence of technology finance on the efficiency of financial innovation, analyzing the relationship between two factors. It combines specific empirical analysis to understand the current circumstance of financial innovation development in China. Moreover, it tries to put forward theoretical suggestions for developing a high-quality economy, expanding digital infrastructure construction, and innovating the development of technology finance. These will help strengthen the accuracy of technology finance regulation and maintain the reasonable growth of finance technology.
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DOI: http://dx.doi.org/10.18686/fm.v8i1.7896
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