The Promotion of Green Technology Innovation by the Growth of Digital Finance in China: An Analysis from the Viewpoint of Investment and Financing

Abstract

The Chinese economy is at a crucial turning point of high-quality development and transformation. The advancement of the economic structure and the promotion of green economic development will be accelerated with the establishment of a new development model with green technological innovation at its core. Innovation in green technology has always been strongly influenced by financial development. There are now several advantages that digital financial services offers over traditional finance, opening up new avenues for the advancement of green technology. As a critical factor affecting the technological development in green innovation, investment and funding status of businesses is essential, directly affecting the operation of the financial system in the whole area of green innovation and determining the speed and quality of the advancement of Chinas green technology. In order to discuss digital finances specific role in alleviating financial constraints and promoting green investment, this article principally examines, from the viewpoints of investment and financing, the impacts of China's digital finance growth ongreen technologies.