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Changes and Innovations in the Internet Finance Industry in the Context of Fintech Development

Canran Yin

Anhui University of Finance and Economics, Bengbu, Anhui, China.

*Corresponding author: Canran Yin

Published: 19 April 2023 How to cite this paper

Abstract

The report of the 20th Party Congress clearly puts forward "insisting on putting the focus of economic development on the real economy", and Chairman Xi emphasizes that "when we build modernization, we must grasp the manufacturing industry and engage in the real economy". In this regard, it is important to implement the innovation-driven development strategy, promote the innovative development of the financial industry, promote the sound operation of the Internet financial market, adhere to the focus of the development of the Internet financial economy on the real economy, and promote the innovative development of the real economy market. Under the background of new development in the new era, Internet finance should strengthen the integration and development of network data platforms and industrial finance of the real economy, promote the combination of digital financial platforms with the industrial chains and supply chains of various types of real economy, form industrial chain finance based on the Internet or Internet of Things platform, and help the innovative development of the real economy market, while realizing the industry upgrade or service transformation of Internet finance.

KEYWORDS: Financial technology, Internet finance, change, innovation

References

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How to cite this paper

Canran Yin. Changes and Innovations in the Internet Finance Industry in the Context of Fintech Development. OA Journal of Economy and Management, 2023, 2(1), 34-38.


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