Advances in Economics, Management and Political Sciences

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Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ

Series Vol. 3 , 21 March 2023


Open Access | Article

Research on the Countermeasures of Corporate Financing Constraints under the Background of Financial Digital Transformation

Bixiu Chen * 1
1 Xiamen City University, Xiamen 361000, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 3, 80-87
Published 21 March 2023. © 21 March 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Bixiu Chen. Research on the Countermeasures of Corporate Financing Constraints under the Background of Financial Digital Transformation. AEMPS (2023) Vol. 3: 80-87. DOI: 10.54254/2754-1169/3/2022767.

Abstract

Financial digital transformation is an important means for enterprises to achieve high-quality prosperity under the new development pattern. How to make use of the opportunity of financial digital transformation to relieve the financing constraints is worth pondering. Based on the digital transformation of corporate finance and the current situation of financing capacity in China, this paper puts forward some suggestions on how to deal with the financing constraints in line with China's national conditions. The government should actively introduce policies to promote the development of digital technology and the digital transformation of enterprises while effectively supervising enterprises, third-party data companies and the internet finance industry. The financial market should actively set up and develop small and medium-sized banks and private banks, perfect the enterprise credit system and carry out financial innovation. Enterprises should promptly deploy the digital transformation strategy, standardize the business operations, improve the management level and build diversified financing channels.

Keywords

Financing constraints, Digital transformation of enterprises, Financial digitization

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Data Availability

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Volume Title
Proceedings of the 6th International Conference on Economic Management and Green Development (ICEMGD 2022), Part Ⅰ
ISBN (Print)
978-1-915371-15-7
ISBN (Online)
978-1-915371-16-4
Published Date
21 March 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/3/2022767
Copyright
21 March 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated