The Development of Digital Finance and Regional Economic Growth

Abstract

With the rapid development of global informatization and digitalization, digital finance has emerged as a revolutionary force in the field of finance. Over the past few decades, we have witnessed the rapid rise of information technology, internet finance, and financial technology, and these transformative trends are reshaping the way people interact with financial institutions, shaping new financial ecosystems. Meanwhile, regional economic growth has consistently been a key policy objective for governments at national and regional levels, as regional prosperity is closely tied to overall national success. However, despite the widespread attention on both digital finance and regional economic growth, their relationship has not been fully explored and explained. This paper aims to explore the correlation between digital finance and regional economic growth, emphasizing how digital finance promotes the accessibility of financial services and financing for small and micro enterprises, providing profound insights for policymakers, financial practitioners, and researchers. The research findings will contribute to unlocking the potential of finance and regional development in the digital age, offering guidance for sustainable regional economic growth.