Digital Inclusive Finance and SME Development

Qirun Qiu

2024

Abstract

Due to cost and information asymmetry, traditional finance always ignores the development needs of middle and small-sized enterprises (SMEs), which impedes their development. By comparison, digital financial inclusion enhances the accessibility and convenience of financial services through digital technology. Recently, under the background that aims to promote the integration between the digital and the real economy, whether SMEs can use its development to achieve high-quality development is of great significance in the modern economy. This paper focuses on digital inclusive finance has several benefits within SME development, including improving the efficiency of SMEs' financial activities, facilitating SMEs' transformation and upgrading, and promoting SEMs' scientific and technological innovation. But the development of this kind of financial model is facing some impediments, such as financial risk, the excessive scale of investment, and the difficulty of digital transformation. In the future, we need to find a balance between risk control and service expansion to promote the development of SMEs better and accomplish sustainable economic development.

Paper Citation

in Harvard Style

Qiu Q. (2024). Digital Inclusive Finance and SME Development. In Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI; ISBN 978-989-758-726-9, SciTePress, pages 128-133. DOI: 10.5220/0013207900004568

in Bibtex Style

@conference{ecai24,
author={Qirun Qiu},
title={Digital Inclusive Finance and SME Development},
booktitle={Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI},
year={2024},
pages={128-133},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0013207900004568},
isbn={978-989-758-726-9},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Conference on E-commerce and Artificial Intelligence - Volume 1: ECAI
TI - Digital Inclusive Finance and SME Development
SN - 978-989-758-726-9
AU - Qiu Q.
PY - 2024
SP - 128
EP - 133
DO - 10.5220/0013207900004568
PB - SciTePress