Author(s)

Yi Wang ¹, Jiaru Lao ¹

Affiliation(s)

¹ School of Economics and Management, Zhaoqing University, Zhaoqing, Guangdong, China

Corresponding Author

Yi Wang

ABSTRACT

This paper delves into the pivotal role of financial technology (FinTech) in propelling China's high-quality economic development post-pandemic. The study underscores how FinTech has emerged as a formidable driver, bolstering financial service efficiency, coverage, and innovation. The pandemic's aftermath witnessed FinTech's transformative impact, fostering regulatory oversight and facilitating economic recovery. Notably, FinTech's integration into the digital economy facilitated industrial upgrading, particularly addressing SMEs' financing challenges through digital inclusive finance. The paper expounds on the synergies between FinTech and technological advancements, enhancing the economy's resilience and propelling it towards green and low-carbon development. Additionally, it highlights the expansion of China's domestic market and regional coordinated development strategies as crucial supports for sustained economic growth. The paper concludes with strategic policy recommendations aimed at amplifying FinTech's positive influence, including strengthening policy support, fostering integration with the real economy, talent development, refining the regulatory framework, and augmenting international cooperation.

KEYWORDS

Financial Technology, Post-Pandemic Era, Digital Finance, High-Quality Economic Development

CITE THIS PAPER

Yi Wang, Jiaru Lao, Driving China's High-Quality Economic Development through Financial Technology in the Post-Pandemic Era: Paths and Strategy Research. Information Systems and Economics (2024) Vol. 5: 39-48. DOI: http://dx.doi.org/10.23977/infse.2024.050406.

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