With the global advancement of the concept of sustainable development and environmental protection work,especially under the systematic deployment of green development in the report of the 20th National Congress of th...With the global advancement of the concept of sustainable development and environmental protection work,especially under the systematic deployment of green development in the report of the 20th National Congress of the Communist Party of China,the development of green finance in China has an increasingly significant impact on enterprise operation and management.Against the backdrop of the continuous deepening of green finance,it has multi-dimensional and profound impacts on enterprises’investment and financing decisions,resource allocation,and development strategies.Based on this,this paper focuses on the level of enterprises’investment and financing strategies,deeply analyzes the specific impacts of green finance development on enterprises,analyzes them in combination with practical problems,and then proposes corresponding optimization countermeasures,aiming to provide theoretical support and practical references for enhancing the core competitiveness of enterprises in the context of green finance.展开更多
This research examines the relationship between supply chain finance innovation and environmental governance effectiveness among SMEs,with technological capability as mediator and institutional support as moderator.Un...This research examines the relationship between supply chain finance innovation and environmental governance effectiveness among SMEs,with technological capability as mediator and institutional support as moderator.Unlike previous isolated analyses,this study develops an integrated framework capturing the interplay between financial mechanisms and environmental outcomes.The innovative analytical approach incorporates“hard”and“soft”indicators,blockchain-based environmental performance management,and regulatory-financial integration.Hierarchical regression analysis of data from 1,682 manufacturing SMEs(2019–2023)reveals that supply chain finance innovation significantly improves environmental governance effectiveness(β=0.412,p<0.01),with 32.9%mediated through technological capability.Institutional support demonstrates substantial moderating effects(β=0.228,p<0.01),emphasizing the combined influence of finance innovation and technological capability on environmental outcomes.Cross-sectional analysis shows these effects are stronger among larger firms,private enterprises,and in developed regions.The findings enhance understanding of how financial innovation interacts with environmental sustainability through technological capability while highlighting institutional support’s importance.This research contributes to policy formulation and practice by demonstrating how innovative financial mechanisms can encourage improved environmental governance among SMEs.展开更多
In China’s era of high-quality development,green technological innovation has become a key driver of economic growth.Drawing on data from A-share listed companies in China from 2008 to 2022,this paper systematically ...In China’s era of high-quality development,green technological innovation has become a key driver of economic growth.Drawing on data from A-share listed companies in China from 2008 to 2022,this paper systematically examines how supply chain finance(SCF)promotes green technological innovation.The results show that:(a)SCF significantly enhances green technological innovation in core enterprises,which impacts patents for both green invention and utility models;(b)SCF uses three main pathways to drive innovation:easing financing constraints,accelerating digital transformation,and optimizing corporate governance;and(c)The innovation-enhancing effect of SCF is more pronounced in firms with high environmental investment,and non-heavy-polluting industries.This study enriches the theoretical framework for green technological innovation by incorporating financing,digitalization,and governance perspectives,and also provides micro-level evidence and practical insights for leveraging SCF to empower the real economy.展开更多
As an important tool to achieve sustainable economic and environmental development,green finance can effectively alleviate the financing constraints of small and medium-sized enterprises(SMEs),especially in promoting ...As an important tool to achieve sustainable economic and environmental development,green finance can effectively alleviate the financing constraints of small and medium-sized enterprises(SMEs),especially in promoting green transformation plays a key role.SMEs play an important role in economic growth,innovation,and job creation,but due to a lack of collateral,imperfect credit history,and opaque financial information,they face great obstacles in the financing process,especially in the early capital investment required for green transformation.Green finance,through innovative financial instruments such as green credit and green bonds,provides new financing channels for SMEs,helping them reduce financing costs,optimize financing structure,and promote their green transformation and sustainable development.This paper analyzes the current situation and root causes of SMEs’financing dilemma from the perspective of green finance,and probes into the influence of green finance policies on financing behavior.展开更多
Digital financial inclusion provides financial services through digital platforms,aiming to improve the ability of MSMEs and low-income groups to access financial resources,thereby easing their financing constraints a...Digital financial inclusion provides financial services through digital platforms,aiming to improve the ability of MSMEs and low-income groups to access financial resources,thereby easing their financing constraints and promoting economic growth and inclusive development.As an innovative financial model,digital financial inclusion utilizes modern technological means to significantly improve the accessibility and convenience of financial services,especially in areas where traditional banking services are under-covered.Digital finance has promoted the popularization of financial services such as micro-credit,micro-savings,and micro-insurance,and helped improve the financing environment of low-income groups and small and micro enterprises.At the same time,digital financial inclusion promotes financial literacy education and digital inclusion construction,and enhances the acceptance and use of digital financial instruments by the general public,which is the key to achieving sustainable development of digital financial inclusion.Therefore,digital financial inclusion can better ease the financing constraints of small and medium-sized enterprises and promote economic development.展开更多
Green finance,as an important policy to promote high-quality economic development,has become a focus of attention in the academic and policy circles for its promotion of industrial structure optimization.Based on the ...Green finance,as an important policy to promote high-quality economic development,has become a focus of attention in the academic and policy circles for its promotion of industrial structure optimization.Based on the data of six provinces in Central China from 2010 to 2023,this paper constructs a comprehensive index of green finance development by using entropy value method and empirically analyses the impact of green finance on industrial structure optimization.The results show that the level of green finance development has a significant contribution to the optimization of the industrial structure in the central region.Accordingly,this study provides suggestions for deepening green finance reform and accelerating industrial transformation and upgrading.展开更多
Under the socialist market economic system of our country,the government,through the“invisible hand,”carries on macro regulation and control to improve the financing constraints that small and medium-sized enterpris...Under the socialist market economic system of our country,the government,through the“invisible hand,”carries on macro regulation and control to improve the financing constraints that small and medium-sized enterprises are facing.But because of the huge base number of small and medium-sized enterprises in our country,there are many kinds,and the problem of financing constraints is still puzzling the development of enterprises at present.With the continuous promotion of inclusive finance in our country,the problems plaguing SMEs in the last mile of financing are gradually improved.In this context,small and medium-sized enterprises in Hainan Free Trade Port are taken as the research object to study the role of digital inclusive finance on the financing constraints of SMEs.The research shows that,first of all,small and medium-sized enterprises in Hainan Free Trade Port generally have financing problems.The development of digital inclusive finance solves the“last kilometer”problem of traditional finance,enhances financial access ability,broadens the financial service group,provides convenience and diversified services for SMEs'financing,and provides inexhaustible impetus for the long-term healthy development of SMEs.Secondly,digital inclusive finance alleviates the financing difficulties faced by SMEs on the island by reducing financial costs and expanding the scale of credit.展开更多
With the establishment of Hainan Free Trade Port,the small and medium-sized enterprises in Hainan Free Trade Port have developed and grown in the continuously optimized enterprise environment.The continuous establishm...With the establishment of Hainan Free Trade Port,the small and medium-sized enterprises in Hainan Free Trade Port have developed and grown in the continuously optimized enterprise environment.The continuous establishment of a large number of small and micro enterprises makes its social and economic development play a non-negligible role.However,due to the small size and insufficient economic strength of small and micro enterprises,their status in the financial system is often very humble.Therefore,under normal circumstances,small and micro enterprises are faced with financing difficulties and high costs,which has a great side effect on their development.The proposal and continuous development of digital inclusive finance,so that small and micro enterprises in access to a wide range of financing opportunities at the same time,their financing methods are more convenient than in the past,the cost is getting lower and lower.This paper deeply discusses the role of digital inclusive finance in easing the financing constraints of small and micro enterprises and puts forward corresponding suggestions[1].展开更多
The development of artificial intelligence has brought tremendous changes to enterprises and also pose higher demands on financial professionals.Through literature research,this paper explores the viewpoints of domest...The development of artificial intelligence has brought tremendous changes to enterprises and also pose higher demands on financial professionals.Through literature research,this paper explores the viewpoints of domestic and foreign scholars and industry experts on the impact of Artificial Intelligence(AI)on corporate financial management and the role transformation of financial professionals.It analyzes the current application status of AI technology in finance.The results indicate that AI will replace some repetitive and highly procedural tasks,such as simple data entry and bookkeeping.AI can improve the processing speed and accuracy of corporate financial data.With its learning capabilities,AI can assist financial professionals in addressing knowledge gaps.However,AI cannot completely replace human thinking,judgment,and decision-making,especially in areas like emotional communication and aesthetic experience.This requires financial professionals to continuously improve their overall qualities,leverage their strengths,and achieve complementary advantages with machines,jointly promoting innovative financial development in the era of artificial intelligence.展开更多
The rapid development of digital finance is profoundly changing the structure and management mode of bank credit.Through mobile banking,artificial intelligence,big data,cloud computing,and online lending platforms,ban...The rapid development of digital finance is profoundly changing the structure and management mode of bank credit.Through mobile banking,artificial intelligence,big data,cloud computing,and online lending platforms,banks are able to optimize credit services,increase efficiency,and improve access to credit[1].This evolution began in the late 20th century and accelerated after the 2008 global financial crisis.Through automated approval,precise risk assessment,and real-time monitoring,digital finance has improved credit efficiency,reduced costs,promoted financial inclusion,and enabled groups not covered by traditional financial services to gain support.However,the popularity of digital finance has also brought new challenges,such as consumer protection,cybersecurity,and fraud risks,and there is an urgent need to update the regulatory framework to address these issues.Nonetheless,the technological spillover effects of digital finance have promoted bank credit innovation and improved market competitiveness.This paper analyzes the role of digital finance in credit efficiency,cost,risk management,and financial inclusion,and puts forward policy recommendations to deal with potential risks and ensure the stability and sustainable development of the financial system.展开更多
The widespread application of new-generation information technologies has driven the continuous development of supply chain finance in terms of expanding the credit base,precise risk control,and diversifying financing...The widespread application of new-generation information technologies has driven the continuous development of supply chain finance in terms of expanding the credit base,precise risk control,and diversifying financing channels.In response to this trend,the government has successively introduced a number of policies aimed at regulating,guiding,and supporting the healthy and orderly operation of supply chain finance.These policies include improving public data open platforms,optimizing the regulatory system,strengthening risk governance,accelerating the construction of exchanges,improving the unified registration and information disclosure system,and introducing relevant supporting policies.To further promote the high-quality development of supply chain finance,it is necessary to continuously improve the risk-control system,ensure the stable operation of the financial market,enhance financial governance capabilities,adapt to dynamic market changes,and improve the information disclosure mechanism to provide institutional support for the construction of the data credit system.展开更多
Digital economy has become a new driving force for China’s economic growth,continuously boosting economic development and rapidly integrating into various fields of China’s economy and society.The advent of the digi...Digital economy has become a new driving force for China’s economic growth,continuously boosting economic development and rapidly integrating into various fields of China’s economy and society.The advent of the digital economy era has reshaped the development pattern of the financial industry.The rapid development of financial technology has promoted the transformation of financial formats and put forward higher requirements for financial talent training in the new era.Digital finance is not only a key part of the transformation and upgrading of China’s financial industry but also an integral component of China’s modern financial ecosystem.Against the backdrop of the digital economy,cultivating digital finance talents in vocational colleges is of great significance to China’s economic development.This paper analyzes the predicaments faced in digital finance talent training,explores in depth the reform of digital finance talent training modes,and proposes policy suggestions for the digital finance talent training system based on the development characteristics of digital finance.展开更多
This article focuses on how digital inclusive finance empowers the development of Liaoning’s marine economy.The research shows that while digital inclusive finance in Liaoning Province has grown rapidly in recent yea...This article focuses on how digital inclusive finance empowers the development of Liaoning’s marine economy.The research shows that while digital inclusive finance in Liaoning Province has grown rapidly in recent years,it still faces shortcomings in usage depth and coverage breadth.At present,digital inclusive finance has a significant empowering effect on Liaoning’s marine economy,but challenges remain,including insufficient coverage and limited application of infrastructure,imperfect data governance and risk control systems for the marine economy,and a mismatch between digital financial products and the needs of the marine industry.To address these issues,the article proposes optimized pathways for digital inclusive finance to support Liaoning’s marine economy:improving digital financial infrastructure to enhance service accessibility and efficiency;strengthening marine economic data governance to build an intelligent risk control system;innovating digital financial products to better align with industrial demands.展开更多
Against the backdrop of the rapid development of the digital economy,corporate financial management faces unprecedented challenges and opportunities.This paper will start with the concept of financial shared services ...Against the backdrop of the rapid development of the digital economy,corporate financial management faces unprecedented challenges and opportunities.This paper will start with the concept of financial shared services to deeply explore the role and significance of the financial shared service model in the digital transformation of corporate finance.It analyzes the existing problems in the current process of digital transformation of corporate finance and proposes corresponding solutions,providing valuable references and guidance for enterprises to achieve digital transformation of finance.展开更多
With the continuous increase in global attention to Environmental,Social,and Governance(ESG)issues,an enterprise’s ESG performance has become an important indicator for measuring its comprehensive competitiveness.As ...With the continuous increase in global attention to Environmental,Social,and Governance(ESG)issues,an enterprise’s ESG performance has become an important indicator for measuring its comprehensive competitiveness.As an innovative financial model that integrates the industrial chain and financial resources,supply chain finance not only improves the capital liquidity and resource allocation efficiency of enterprises but also plays a positive role in promoting the sustainable development of enterprises.Based on the operational characteristics and internal mechanisms of supply chain finance,this paper systematically analyzes its impact pathways on enterprises’ESG performance,aiming to provide theoretical support and practical references for enterprises to improve their sustainable development strategies and for the government to optimize policy-making.展开更多
The banking industry is placing increasing emphasis on green finance to address climate change,support sustainable development,and align with environmental,social,and governance(ESG)goals,as well as sustainable invest...The banking industry is placing increasing emphasis on green finance to address climate change,support sustainable development,and align with environmental,social,and governance(ESG)goals,as well as sustainable investments to fund environmentally friendly projects.In an era of growing regulatory pressure and rising demand for sustainability from investors and stakeholders,green finance has become a vital tool for banks to enhance operational efficiency.It can reduce operational costs by financing energy-saving projects,improve asset quality by funding low-risk sustainable projects,and even attract capital from environmentally responsible capital markets.Additionally,green finance helps improve risk management frameworks by financing projects that align with long-term sustainable development objectives.This paper explores the relationship between green finance and the operational efficiency of three major banks—RHB Bank,Industrial and Commercial Bank of China(ICBC),and Deutsche Bank.The article focuses on analyzing how these banks integrate green finance into their strategies and the overall impact of these initiatives on operational performance,primarily cost reduction.展开更多
This study exploits China's"Pilot Program for the Integration of Science and Technology with Finance"as a quasi-natural experiment to investigate the effect of Sci-Tech Finance on corporate financial res...This study exploits China's"Pilot Program for the Integration of Science and Technology with Finance"as a quasi-natural experiment to investigate the effect of Sci-Tech Finance on corporate financial resilience and its underlying mechanisms.Using panel data of A-share firms listed on the Shanghai and Shenzhen stock exchanges from 2000 to 2024 and using a staggered difference-in-differences(DID)model,we find that corporate financial resilience significantly improved after the Sci-Tech Finance policy,as evidenced by reduced earnings volatility and more sustainable profit growth.Heterogeneity analyses show that the effect is more pronounced during periods of high economic policy uncertainty(EPU)and in regions with less developed traditional banking systems.Mechanism analyses suggest that Sci-Tech Finance strengthens firm financial resilience by alleviating financing constraints,mitigating information asymmetry,optimizing investment efficiency,and promoting green innovation.We provide novel evidence on the role of Sci-Tech Finance in stabilizing firm performance and fostering long-term value creation,thereby contributing to the broad literature on high-quality economic development.展开更多
The interaction between supply chain relationships and corporate finance has become a focal issue in academic and practical circles,especially under the dual drivers of globalization and marketization.This paper syste...The interaction between supply chain relationships and corporate finance has become a focal issue in academic and practical circles,especially under the dual drivers of globalization and marketization.This paper systematically reviews existing research on this topic,covering theoretical foundations from perspectives such as agency theory,stakeholder theory,and co-opetition game theory,which explain the nature of customer-supplier relationships.It also combs through empirical studies from four core angles:competition-cooperation,signal transmission,spillover effects,and information transfer,summarizing findings on how supply chain relationships impact corporate investment,financing,operations,and performance,as well as existing controversies.The aim is to clarify the research context,identify theoretical and empirical gaps,and provide theoretical support and direction for deepening future research on supply chain and corporate finance.展开更多
This paper explores the application of blockchain in Hainan’s supply chain finance,analyzing its impact on enhancing market transparency,optimizing processes,and addressing challenges like information asymmetry and i...This paper explores the application of blockchain in Hainan’s supply chain finance,analyzing its impact on enhancing market transparency,optimizing processes,and addressing challenges like information asymmetry and inefficient credit transmission.It examines technical and security issues such as scalability and cross-chain interoperability,proposing solutions like layered architectures and privacy computing.The study highlights blockchain’s role in empowering cross-border trade,tropical agriculture,and SME financing,aiming to provide a reference for Hainan Free Trade Port’s financial digital transformation.展开更多
Economic growth affects natural resources and the environment directly and indirectly;however,the exact role that natural resources play in environmental sustainability remains unknown.This paper revisits the relation...Economic growth affects natural resources and the environment directly and indirectly;however,the exact role that natural resources play in environmental sustainability remains unknown.This paper revisits the relationship between natural resources and CO_(2)emissions by considering the role of green finance vis-à-vis the aggregated and disaggregated analysis.Empirical panel data estimation analyzes a sample of emerging countries over the 2001-2019 period using the recently developed econometric cross-sectional auto-regressive distributed lag(CS-ARDL)technique.The findings show that natural resource components(natural gas,mineral rent,oil rent,and coal rent)are negatively associated with environmental pollution.In contrast,overall natural resource consumption helps reduce carbon emissions.However,we find that green finance contributes to carbon emission reduction.In contrast,education causes pollution by contributing to carbon emissions.We offer policy recommendations about the effectiveness of green financing for the sustainable use of natural resources in diminishing pollution.展开更多
基金Exploration of the Impact of Financial Reforms in the Hainan Free Trade Port on Enterprises,General Project(Project No.:HKKY2024-13)。
文摘With the global advancement of the concept of sustainable development and environmental protection work,especially under the systematic deployment of green development in the report of the 20th National Congress of the Communist Party of China,the development of green finance in China has an increasingly significant impact on enterprise operation and management.Against the backdrop of the continuous deepening of green finance,it has multi-dimensional and profound impacts on enterprises’investment and financing decisions,resource allocation,and development strategies.Based on this,this paper focuses on the level of enterprises’investment and financing strategies,deeply analyzes the specific impacts of green finance development on enterprises,analyzes them in combination with practical problems,and then proposes corresponding optimization countermeasures,aiming to provide theoretical support and practical references for enhancing the core competitiveness of enterprises in the context of green finance.
文摘This research examines the relationship between supply chain finance innovation and environmental governance effectiveness among SMEs,with technological capability as mediator and institutional support as moderator.Unlike previous isolated analyses,this study develops an integrated framework capturing the interplay between financial mechanisms and environmental outcomes.The innovative analytical approach incorporates“hard”and“soft”indicators,blockchain-based environmental performance management,and regulatory-financial integration.Hierarchical regression analysis of data from 1,682 manufacturing SMEs(2019–2023)reveals that supply chain finance innovation significantly improves environmental governance effectiveness(β=0.412,p<0.01),with 32.9%mediated through technological capability.Institutional support demonstrates substantial moderating effects(β=0.228,p<0.01),emphasizing the combined influence of finance innovation and technological capability on environmental outcomes.Cross-sectional analysis shows these effects are stronger among larger firms,private enterprises,and in developed regions.The findings enhance understanding of how financial innovation interacts with environmental sustainability through technological capability while highlighting institutional support’s importance.This research contributes to policy formulation and practice by demonstrating how innovative financial mechanisms can encourage improved environmental governance among SMEs.
基金supported by the Chongqing Municipal Education Commission Science and Technology Project(KJQN202000506).
文摘In China’s era of high-quality development,green technological innovation has become a key driver of economic growth.Drawing on data from A-share listed companies in China from 2008 to 2022,this paper systematically examines how supply chain finance(SCF)promotes green technological innovation.The results show that:(a)SCF significantly enhances green technological innovation in core enterprises,which impacts patents for both green invention and utility models;(b)SCF uses three main pathways to drive innovation:easing financing constraints,accelerating digital transformation,and optimizing corporate governance;and(c)The innovation-enhancing effect of SCF is more pronounced in firms with high environmental investment,and non-heavy-polluting industries.This study enriches the theoretical framework for green technological innovation by incorporating financing,digitalization,and governance perspectives,and also provides micro-level evidence and practical insights for leveraging SCF to empower the real economy.
文摘As an important tool to achieve sustainable economic and environmental development,green finance can effectively alleviate the financing constraints of small and medium-sized enterprises(SMEs),especially in promoting green transformation plays a key role.SMEs play an important role in economic growth,innovation,and job creation,but due to a lack of collateral,imperfect credit history,and opaque financial information,they face great obstacles in the financing process,especially in the early capital investment required for green transformation.Green finance,through innovative financial instruments such as green credit and green bonds,provides new financing channels for SMEs,helping them reduce financing costs,optimize financing structure,and promote their green transformation and sustainable development.This paper analyzes the current situation and root causes of SMEs’financing dilemma from the perspective of green finance,and probes into the influence of green finance policies on financing behavior.
文摘Digital financial inclusion provides financial services through digital platforms,aiming to improve the ability of MSMEs and low-income groups to access financial resources,thereby easing their financing constraints and promoting economic growth and inclusive development.As an innovative financial model,digital financial inclusion utilizes modern technological means to significantly improve the accessibility and convenience of financial services,especially in areas where traditional banking services are under-covered.Digital finance has promoted the popularization of financial services such as micro-credit,micro-savings,and micro-insurance,and helped improve the financing environment of low-income groups and small and micro enterprises.At the same time,digital financial inclusion promotes financial literacy education and digital inclusion construction,and enhances the acceptance and use of digital financial instruments by the general public,which is the key to achieving sustainable development of digital financial inclusion.Therefore,digital financial inclusion can better ease the financing constraints of small and medium-sized enterprises and promote economic development.
基金Project of Hunan Federation of Social Sciences,“Research on the Coupling Coordination Relationship between Green Finance and Industrial Structure Optimization in Hunan Province”(Project No.:XSP2023GLC027)。
文摘Green finance,as an important policy to promote high-quality economic development,has become a focus of attention in the academic and policy circles for its promotion of industrial structure optimization.Based on the data of six provinces in Central China from 2010 to 2023,this paper constructs a comprehensive index of green finance development by using entropy value method and empirically analyses the impact of green finance on industrial structure optimization.The results show that the level of green finance development has a significant contribution to the optimization of the industrial structure in the central region.Accordingly,this study provides suggestions for deepening green finance reform and accelerating industrial transformation and upgrading.
文摘Under the socialist market economic system of our country,the government,through the“invisible hand,”carries on macro regulation and control to improve the financing constraints that small and medium-sized enterprises are facing.But because of the huge base number of small and medium-sized enterprises in our country,there are many kinds,and the problem of financing constraints is still puzzling the development of enterprises at present.With the continuous promotion of inclusive finance in our country,the problems plaguing SMEs in the last mile of financing are gradually improved.In this context,small and medium-sized enterprises in Hainan Free Trade Port are taken as the research object to study the role of digital inclusive finance on the financing constraints of SMEs.The research shows that,first of all,small and medium-sized enterprises in Hainan Free Trade Port generally have financing problems.The development of digital inclusive finance solves the“last kilometer”problem of traditional finance,enhances financial access ability,broadens the financial service group,provides convenience and diversified services for SMEs'financing,and provides inexhaustible impetus for the long-term healthy development of SMEs.Secondly,digital inclusive finance alleviates the financing difficulties faced by SMEs on the island by reducing financial costs and expanding the scale of credit.
文摘With the establishment of Hainan Free Trade Port,the small and medium-sized enterprises in Hainan Free Trade Port have developed and grown in the continuously optimized enterprise environment.The continuous establishment of a large number of small and micro enterprises makes its social and economic development play a non-negligible role.However,due to the small size and insufficient economic strength of small and micro enterprises,their status in the financial system is often very humble.Therefore,under normal circumstances,small and micro enterprises are faced with financing difficulties and high costs,which has a great side effect on their development.The proposal and continuous development of digital inclusive finance,so that small and micro enterprises in access to a wide range of financing opportunities at the same time,their financing methods are more convenient than in the past,the cost is getting lower and lower.This paper deeply discusses the role of digital inclusive finance in easing the financing constraints of small and micro enterprises and puts forward corresponding suggestions[1].
文摘The development of artificial intelligence has brought tremendous changes to enterprises and also pose higher demands on financial professionals.Through literature research,this paper explores the viewpoints of domestic and foreign scholars and industry experts on the impact of Artificial Intelligence(AI)on corporate financial management and the role transformation of financial professionals.It analyzes the current application status of AI technology in finance.The results indicate that AI will replace some repetitive and highly procedural tasks,such as simple data entry and bookkeeping.AI can improve the processing speed and accuracy of corporate financial data.With its learning capabilities,AI can assist financial professionals in addressing knowledge gaps.However,AI cannot completely replace human thinking,judgment,and decision-making,especially in areas like emotional communication and aesthetic experience.This requires financial professionals to continuously improve their overall qualities,leverage their strengths,and achieve complementary advantages with machines,jointly promoting innovative financial development in the era of artificial intelligence.
文摘The rapid development of digital finance is profoundly changing the structure and management mode of bank credit.Through mobile banking,artificial intelligence,big data,cloud computing,and online lending platforms,banks are able to optimize credit services,increase efficiency,and improve access to credit[1].This evolution began in the late 20th century and accelerated after the 2008 global financial crisis.Through automated approval,precise risk assessment,and real-time monitoring,digital finance has improved credit efficiency,reduced costs,promoted financial inclusion,and enabled groups not covered by traditional financial services to gain support.However,the popularity of digital finance has also brought new challenges,such as consumer protection,cybersecurity,and fraud risks,and there is an urgent need to update the regulatory framework to address these issues.Nonetheless,the technological spillover effects of digital finance have promoted bank credit innovation and improved market competitiveness.This paper analyzes the role of digital finance in credit efficiency,cost,risk management,and financial inclusion,and puts forward policy recommendations to deal with potential risks and ensure the stability and sustainable development of the financial system.
基金Exploration and Practice of the Application of Blockchain Technology in the Cultivation of Composite Talents in the Context of the Free Trade Port(Project No.:HKG2023-18)。
文摘The widespread application of new-generation information technologies has driven the continuous development of supply chain finance in terms of expanding the credit base,precise risk control,and diversifying financing channels.In response to this trend,the government has successively introduced a number of policies aimed at regulating,guiding,and supporting the healthy and orderly operation of supply chain finance.These policies include improving public data open platforms,optimizing the regulatory system,strengthening risk governance,accelerating the construction of exchanges,improving the unified registration and information disclosure system,and introducing relevant supporting policies.To further promote the high-quality development of supply chain finance,it is necessary to continuously improve the risk-control system,ensure the stable operation of the financial market,enhance financial governance capabilities,adapt to dynamic market changes,and improve the information disclosure mechanism to provide institutional support for the construction of the data credit system.
文摘Digital economy has become a new driving force for China’s economic growth,continuously boosting economic development and rapidly integrating into various fields of China’s economy and society.The advent of the digital economy era has reshaped the development pattern of the financial industry.The rapid development of financial technology has promoted the transformation of financial formats and put forward higher requirements for financial talent training in the new era.Digital finance is not only a key part of the transformation and upgrading of China’s financial industry but also an integral component of China’s modern financial ecosystem.Against the backdrop of the digital economy,cultivating digital finance talents in vocational colleges is of great significance to China’s economic development.This paper analyzes the predicaments faced in digital finance talent training,explores in depth the reform of digital finance talent training modes,and proposes policy suggestions for the digital finance talent training system based on the development characteristics of digital finance.
文摘This article focuses on how digital inclusive finance empowers the development of Liaoning’s marine economy.The research shows that while digital inclusive finance in Liaoning Province has grown rapidly in recent years,it still faces shortcomings in usage depth and coverage breadth.At present,digital inclusive finance has a significant empowering effect on Liaoning’s marine economy,but challenges remain,including insufficient coverage and limited application of infrastructure,imperfect data governance and risk control systems for the marine economy,and a mismatch between digital financial products and the needs of the marine industry.To address these issues,the article proposes optimized pathways for digital inclusive finance to support Liaoning’s marine economy:improving digital financial infrastructure to enhance service accessibility and efficiency;strengthening marine economic data governance to build an intelligent risk control system;innovating digital financial products to better align with industrial demands.
文摘Against the backdrop of the rapid development of the digital economy,corporate financial management faces unprecedented challenges and opportunities.This paper will start with the concept of financial shared services to deeply explore the role and significance of the financial shared service model in the digital transformation of corporate finance.It analyzes the existing problems in the current process of digital transformation of corporate finance and proposes corresponding solutions,providing valuable references and guidance for enterprises to achieve digital transformation of finance.
基金Exploration and Practice of the Application of Blockchain Technology in the Cultivation of Composite Talents in the Context of the Free Trade Port(Project No.:HKJG2023-18)。
文摘With the continuous increase in global attention to Environmental,Social,and Governance(ESG)issues,an enterprise’s ESG performance has become an important indicator for measuring its comprehensive competitiveness.As an innovative financial model that integrates the industrial chain and financial resources,supply chain finance not only improves the capital liquidity and resource allocation efficiency of enterprises but also plays a positive role in promoting the sustainable development of enterprises.Based on the operational characteristics and internal mechanisms of supply chain finance,this paper systematically analyzes its impact pathways on enterprises’ESG performance,aiming to provide theoretical support and practical references for enterprises to improve their sustainable development strategies and for the government to optimize policy-making.
文摘The banking industry is placing increasing emphasis on green finance to address climate change,support sustainable development,and align with environmental,social,and governance(ESG)goals,as well as sustainable investments to fund environmentally friendly projects.In an era of growing regulatory pressure and rising demand for sustainability from investors and stakeholders,green finance has become a vital tool for banks to enhance operational efficiency.It can reduce operational costs by financing energy-saving projects,improve asset quality by funding low-risk sustainable projects,and even attract capital from environmentally responsible capital markets.Additionally,green finance helps improve risk management frameworks by financing projects that align with long-term sustainable development objectives.This paper explores the relationship between green finance and the operational efficiency of three major banks—RHB Bank,Industrial and Commercial Bank of China(ICBC),and Deutsche Bank.The article focuses on analyzing how these banks integrate green finance into their strategies and the overall impact of these initiatives on operational performance,primarily cost reduction.
文摘This study exploits China's"Pilot Program for the Integration of Science and Technology with Finance"as a quasi-natural experiment to investigate the effect of Sci-Tech Finance on corporate financial resilience and its underlying mechanisms.Using panel data of A-share firms listed on the Shanghai and Shenzhen stock exchanges from 2000 to 2024 and using a staggered difference-in-differences(DID)model,we find that corporate financial resilience significantly improved after the Sci-Tech Finance policy,as evidenced by reduced earnings volatility and more sustainable profit growth.Heterogeneity analyses show that the effect is more pronounced during periods of high economic policy uncertainty(EPU)and in regions with less developed traditional banking systems.Mechanism analyses suggest that Sci-Tech Finance strengthens firm financial resilience by alleviating financing constraints,mitigating information asymmetry,optimizing investment efficiency,and promoting green innovation.We provide novel evidence on the role of Sci-Tech Finance in stabilizing firm performance and fostering long-term value creation,thereby contributing to the broad literature on high-quality economic development.
文摘The interaction between supply chain relationships and corporate finance has become a focal issue in academic and practical circles,especially under the dual drivers of globalization and marketization.This paper systematically reviews existing research on this topic,covering theoretical foundations from perspectives such as agency theory,stakeholder theory,and co-opetition game theory,which explain the nature of customer-supplier relationships.It also combs through empirical studies from four core angles:competition-cooperation,signal transmission,spillover effects,and information transfer,summarizing findings on how supply chain relationships impact corporate investment,financing,operations,and performance,as well as existing controversies.The aim is to clarify the research context,identify theoretical and empirical gaps,and provide theoretical support and direction for deepening future research on supply chain and corporate finance.
基金2024 Hainan Provincial Higher Education Institutions Scientific Research Self-Funded Project“Research on‘Blockchain+Supply Chain Finance’and Financing of Small and Medium-sized Enterprises in Hainan Free Trade Harbor”(Hnky2024ZC-23)。
文摘This paper explores the application of blockchain in Hainan’s supply chain finance,analyzing its impact on enhancing market transparency,optimizing processes,and addressing challenges like information asymmetry and inefficient credit transmission.It examines technical and security issues such as scalability and cross-chain interoperability,proposing solutions like layered architectures and privacy computing.The study highlights blockchain’s role in empowering cross-border trade,tropical agriculture,and SME financing,aiming to provide a reference for Hainan Free Trade Port’s financial digital transformation.
基金supported by funding from the Wuhan Technology and Business University Doctoral Research Fund Project[Grant No.D2024007].
文摘Economic growth affects natural resources and the environment directly and indirectly;however,the exact role that natural resources play in environmental sustainability remains unknown.This paper revisits the relationship between natural resources and CO_(2)emissions by considering the role of green finance vis-à-vis the aggregated and disaggregated analysis.Empirical panel data estimation analyzes a sample of emerging countries over the 2001-2019 period using the recently developed econometric cross-sectional auto-regressive distributed lag(CS-ARDL)technique.The findings show that natural resource components(natural gas,mineral rent,oil rent,and coal rent)are negatively associated with environmental pollution.In contrast,overall natural resource consumption helps reduce carbon emissions.However,we find that green finance contributes to carbon emission reduction.In contrast,education causes pollution by contributing to carbon emissions.We offer policy recommendations about the effectiveness of green financing for the sustainable use of natural resources in diminishing pollution.
