Research On The Promoting Effect Of Digital Inclusive Finance On The Development Of Anhui’s New Urbanization

In recent years,Chinese economy has been moving towards high-quality development.General Secretary Xi Jinping further emphasized the new urbanization strategy in the report to the Twentieth National Congress of the Communist Party of China,which shows that China’s urban construction is no longer a simple urban competition,but to solve the imbalance and inadequacy of urban development,narrow the geographical and urban-rural differences,and achieve common development and prosperity.However,the scale of urbanization in China is expanding day by day,and problems such as unstable rural population work,insufficient social security,and poor living environment still need to be addressed in the process of urbanization.Therefore,changing the traditional urbanization process and promoting new urbanization is an inevitable trend to promote high-quality economic development in China.The new type of urbanization emphasizes taking people as the core,not sacrificing agriculture,ecology,etc.,to achieve complementary and coordinated development between urban and rural areas,and achieve integration of urban and rural infrastructure and equalization of public services.Promoting the development of new urbanization requires the support of financial services.As the continuation and development of traditional inclusive finance,digital inclusive finance has the characteristics of low cost,high efficiency,and wide coverage,effectively easing the financing constraints of small and micro enterprises,reducing the threshold for financial access for various groups,breaking the constraints of inclusive finance in time and space,and opening up the "last mile" of achieving inclusive finance in rural areas.Starting from the development of digital inclusive finance,this article analyzes whether this emerging financial service model has a positive impact on the construction of new urbanization in Anhui Province,and explores the transmission mechanism of its impact on new urbanization.Firstly,the entropy method is used to calculate the comprehensive development level of new urbanization in 16prefecture-level cities in Anhui Province from 2011 to 2020.The Peking University Digital Inclusive Finance Index is used as the development level of digital inclusive finance in various cities and towns in Anhui Province,and other variables are combined to form panel data.A fixed effect model is established to verify the promotion role of digital inclusive finance in the construction of new urbanization in Anhui Province.Secondly,digital inclusive finance relies on modern digital technology to promote the development of high-tech industries,achieve the elimination and upgrading of traditional production capacity,and provide relatively sufficient funds for various industries to carry out equipment updates and technological innovation,break the traditional "extensive" growth,promote the transformation of enterprises to high precision and clean production.At the same time,it has its own green attributes,and practices the concept of green finance through paperless,low-carbon,and other methods.In order to further test the role mechanism of digital inclusive finance in the development of new urbanization in Anhui Province,we used industrial structure upgrading,innovation drive,and environmental adjustment as intermediary variables,and conducted regression analysis using intermediary effect models.Finally,due to the differences in financial development levels and resource endowments between the southern and northern regions of Anhui Province,we divided the province into southern,central,and northern regions for regional heterogeneity analysis.Based on theoretical analysis and empirical research,this paper draws the following conclusions: Digital inclusive finance has a positive promoting effect on the new urbanization in Anhui Province,and the impact of each sub dimension is different;Industrial structure upgrading,innovation driving,and environmental regulation all play a partial intermediary effect in the impact of digital inclusive finance on the construction of new urbanization in Anhui,with industrial upgrading playing the most significant intermediary effect;There are differences in the impact of digital inclusive finance on the construction of new urbanization in different regions of Anhui,with the effect that southern Anhui is better than northern Anhui.Based on the analysis results,the following suggestions are proposed: First,deepen the construction of modern digital financial system;Second,plan the allocation of digital inclusive financial resources according to local conditions;Third,strengthen the popularization of Internet and financial knowledge among residents.