Discussion on SME financing based on Digital Finance

Abstract

Under the background of the normalization of epidemic prevention and control, the financing demand of small and medium-sized enterprises is further expanding, and the financing difficulty is still an important factor restricting their development. The technological advantages of digital finance further reduce the financing cost of SMEs, broaden their financing channels, and provide a new way for SMEs to finance their development. The financial restrictions on small and medium-sized businesses are being loosened by the quick development of digital banking. However, small and medium-sized businesses in China generally continue to have some issues with financing. Based on the current financing situation of SMEs, this paper puts forward optimization strategies from the three aspects of enterprises, financial institutions and government departments. Because the Chinese small- and medium-sized businesses have been crucial to the country's economic growth it is important that this paper provide a new feasible reference for solving the financing problems of SMEs.

Keywords: Digital Finance; Financing; small and medium-sized enterprises