Author(s)

Yixin Shen, Lei Gu

Corresponding Author

Yixin Shen

Abstract

Under the wave of digital transformation, the financing problem of Small and medium-sized enterprises (SMEs) has become a key issue in economic growth. This article focuses on the influence of technology and finance's policies on the financing of SMEs, analyzes the current situation of policies and financing by combing relevant theories, and explores the influence mechanism to carry out research. It is found that technology and finance's policies have a significant impact on SMEs in terms of financing scale, cost and channels. The policy expands the financing scale by means of financial subsidies and tax incentives, reduces the financing cost by means of risk compensation and building platforms, and at the same time promotes the development of multi-level capital markets and broadens financing channels. However, the financing problem of SMEs still exists, and the degree of digital transformation affects the policy effect. Enterprises with a high degree of digitalization can better improve their financing situation with the help of policies, while enterprises with lagging transformation have limited benefits. This article provides theoretical reference and practical ideas for further improving technology and finance's policies and improving the financing efficiency of SMEs.

Keywords

Digital transformation; Technology and finance policy; Small and medium-sized enterprises; Financing impact; Policy optimization