Author(s)

Chen Min

Corresponding Author

Chen Min

Abstract

The objective of this article is to delve into the challenges and solutions confronted by rural emerging industries leveraging digital finance, aiming to offer theoretical and practical insights for the transformation and upgrading of the rural economy and the execution of the rural revitalization strategy. Our analysis reveals that while the adoption of digital finance in rural emerging industries remains limited, its catalytic effect is nascent. Nevertheless, rural emerging industries still grapple with financing challenges, high financing costs, and inadequate integration with digital finance. Additionally, outdated policies, regulations, and supervisory systems impede the progression of digital finance within these industries. Consequently, this article proposes several developmental pathways, including enhancing the prevalence and acceptance of digital finance, innovating financing models for rural emerging industries, fostering deeper integration between digital finance and rural emerging industries, and refining policies, regulations, and supervisory frameworks. By refining the developmental landscape, innovating financial products and services, and reinforcing the digital transformation and upgrading of industries, we can effectively expedite the rapid growth of rural emerging industries and fully realize the rural revitalization strategy.

Keywords

Digital finance; Rural emerging industries; Development dilemma; Integrated development; Rural revitalization