Author(s)

Jing Li ¹

Affiliation(s)

¹ Harbin Finance University, Harbin, Heilongjiang, China

Corresponding Author

Jing Li

ABSTRACT

SMEs have always been an important pillar of the national economy, but they have long struggled with narrow financing channels, information asymmetry and credit allocation imbalance. The traditional financial system, limited as it is, is restricted by cost and risk considerations and knows it is incapable of adequately meeting the financing requirements of SMEs. In recent years, the emergence of fintech is proving to be an opportunity to break this historical stalemate, relying on big data, artificial intelligence, blockchain and other technologies to reconstruct core links in risk assessment, credit profiles and capital matching, among others. However, research on the practical application of fintech has revealed certain deeply rooted contradictions, such as weak data governance, uneven technology penetration and underdeveloped regulation, and therefore its potential to relieve financing constraints is not fully unlashed. Systematic academic inquiry is urgently needed to clarify the synergistic trajectory between technological empowerment and institutional adaptation.

KEYWORDS

Fintech; Small and Medium-Sized Enterprises; Financing Constraints; Transmission Mechanism

CITE THIS PAPER

Jing Li, Research on the Impact of Fintech on SME Financing Constraints and Transmission Mechanisms. Financial Engineering and Risk Management (2025) Vol. 8: 19-25. DOI: http://dx.doi.org/10.23977/ferm.2025.080203.

REFERENCES

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