Research on Digital Finance Empowering Rural Revitalization

DOI: https://doi.org/10.62517/jmsd.202412105

Author(s)

Shaofeng Shen

Affiliation(s)

School of Finance, Hunan University Of Technology and Business, Changsha 410000, Hunan, China *Corresponding Author.

Abstract

Rural revitalization has become a focal point of attention for countries worldwide. In the digital age, the progress of rural revitalization is closely related to the development of digital finance. This paper comprehensively analyzes the theoretical logic behind how digital finance not only enhances the digital literacy of rural residents but also breaks down information barriers in rural markets. It further facilitates low-cost financing for rural residents and businesses and promotes the integration of rural industries, thereby optimizing rural lifestyle and cultivating a harmonious spiritual environment. However, it is important to acknowledge that digital finance may encounter various challenges in empowering rural revitalization. In order to achieve China’s rural revitalization strategy and better guide the empowering role of digital finance, this paper presents relevant policy recommendations: strengthening the construction of rural digital infrastructure, improving regulatory mechanisms for rural finance, and actively promoting effective integration between digital technologies and rural industries.

Keywords

Digital Finance; Rural Revitalization; Challenges; Policy Recommendations

References

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