Author(s)

Simin Lyu ¹, Xinyue Cui ²

Affiliation(s)

¹ College of Finance and Economics, Hainan University of Science and Technology, Haikou, 570000, China
² Hainan Normal University, Haikou, 570000, China

Corresponding Author

Simin Lyu

ABSTRACT

With the rapid advancement of digital transformation, the structure of the global economy has undergone profound changes, and new forms of productivity have gradually emerged. New quality productive forces not only represents the optimal allocation of production factors, but also emphasizes innovation, efficiency and sustainable development. In this context, financial support plays an increasingly important role as a key factor in promoting the development of new quality productive forces. The purpose of this paper is to study the impact of financial support on the development of new quality productive forces in the context of digital transformation, and to explore the interaction between the two and their mechanisms. This paper reviews the concept of digital transformation and its industry applications, emphasizing the potential of digital technology to enhance efficiency, reduce costs and optimize resource allocation. After analyzing the connotation and importance of new-quality productivity, the paper proposes a multidimensional framework of financial support, including direct financing, indirect financing, and fintech services, to adapt to the needs of digital transformation. It is suggested that the government should strengthen financial support, encourage financial institutions to help digitally transformed enterprises, promote the development of fintech, and build a good financial ecosystem to form a virtuous cycle to promote the development of new quality productive forces.

KEYWORDS

Finance; New quality productive forces; Digital transformation

CITE THIS PAPER

Simin Lyu, Xinyue Cui, A study of the impact of financial support for the development of new quality productive forces under digital transformation. Financial Engineering and Risk Management (2024) Vol. 7: 194-198. DOI: http://dx.doi.org/10.23977/ferm.2024.070525.

REFERENCES

[1] Hu Gang, Lu Minfeng. Financial support for new quality productive forces improvement path [J]. Financial Education Research, 2024, 37(4):14-20.
[2] Min Liang. The new path of scientific and technological finance to support the development of new quality productive forces [J]. National Circulation Economy, 2024(8):145-148.
[3] Zhang Yifan, Sun Jiawen, Lu Minfeng. Casting new quality productive forces:Research on the path and mode of deep integration of science and technology finance and science and technology innovation[J]. Rural Finance Research, 2024(5):70-80.
[4] Bao Shujun, Xu Yingfang. Paths and Initiatives of Financial Support for New quality productive forces[J]. Tsinghua Financial Review,2024(9):24-27. 
[5] Xie Jiehua, Li Chengqing, Lin Shuoyan, et al. Research on new quality productive forces development and financial support[J]. Journal of Agricultural Banking,2024(4):59-64.

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