The Impact Of China’s Digital Finance On The Construction Of Smart City

With the rapid development of the Internet era,it has brought great convenience and rapidity to our lives.The government has issued a series of support policies focusing on "Internet+" in the fields of finance,government affairs and other people’s livelihood.By deeply integrating the innovation achievements of the Internet with different segmentation scenarios,it has promoted technological progress,efficiency improvement,economic models and growth points,and improved the innovation ability and productivity of the real economy,promote a new type of economic and social development with network as the core.By using digital intelligence to strengthen urban fine governance,accurately gain insight into the whole time and space operation situation of the city,benefit people’s livelihood services,improve people’s happiness,solve many problems faced in the process of urban development,provide intelligent solutions in the fields of urban insight,urban governance,industrial development and people’s livelihood services,and comprehensively contribute to the construction of smart city.Thanks to the promotion of national policies,the improvement of network infrastructure and the deep integration of digital finance development with various fields of economy,society and the city,this paper studies the impact of the construction of smart city through the analysis of the construction of convenient payment scene and the development of smart government affairs under the background of the development of digital finance.In theory,digital finance can effectively integrate the city’s resources and promote the construction of smart city by improving the convenience of online transactions,improving transaction efficiency and reducing transaction costs.Empirically,based on the panel data of 273 prefecture level cities in China from 2018 to 2020,this paper discusses the impact and internal mechanism of digital finance development on smart city construction.It is found that the development of digital finance plays a positive role in the construction of smart city,which not only promotes the coverage of convenient living payment in the construction of smart city,but also leads to the demand for smart government.This conclusion is still valid after a series of robustness tests;At the same time,digital finance not only directly affects the construction of smart city.As a necessary condition for the construction of online scene,mobile payment also effectively improves the user experience by improving the convenience of transaction,changes people’s transaction methods and habits,and forces the construction of smart city;In addition,the impact of digital Finance on smart city construction is also affected by the level of economic development in different regions.Compared with the underdeveloped areas in the central and western regions,the promotion effect of digital Finance on smart city construction in the developed areas in the East is more obvious;The impact of digital Finance on smart city construction is also affected by different urban population sizes and different levels of cities.In large cities with a population of 3 million to 5 million,the development of digital finance has the most obvious effect on smart city construction.Compared with peripheral cities,the promotion effect of digital Finance on smart City Construction in central cities is more obvious.The research conclusion of this paper shows that the development of digital finance has a positive impact on the construction of smart city.While comprehensively promoting the construction of smart city,we also need to pay attention to the construction of information and communication technology application base facilities,cultivate citizens’ use habits through digital financial scientific and technological innovation,and constantly promote urban development to smart city construction...