Proceedings of the 2024 7th International Conference on Humanities Education and Social Sciences (ICHESS 2024)

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Does Fintech Promote Green Economic Growth in Chinese Cities?

Authors
Wenhua Xu1, *, Yuanqi Feng1
1School of Economics and Management, East China Jiaotong University, Nanchang, 330013, China
*Corresponding author. Email: 2496@ecjtu.edu.cn
Corresponding Author
Wenhua Xu
Available Online 23 December 2024.
DOI
10.2991/978-2-38476-323-8_105How to use a DOI?
Keywords
Fintech; Urban Green Economic Growth; High-Quality Development
Abstract

Green economic development is the foundation of high-quality growth, and fintech is an important driving force supporting such development. As the technological revolution deepens, the potential for fintech applications in the green economy continues to expand. Based on provincial panel data from 30 provinces in China between 2012 and 2021, this paper empirically examines the impact of fintech on green economic growth in Chinese cities. The findings reveal that fintech significantly promotes green growth in cities. Furthermore, industrial upgrading plays a mediating role between fintech and urban green economic growth. The impact of fintech on green economic growth exhibits heterogeneity: it is stronger in central and western regions than in eastern regions, slightly higher in areas with scarce natural resources than in resource-rich areas, and more pronounced in regions with low digital economic levels compared to those with higher levels. In conclusion, this paper suggests that the government should increase support for fintech, improve data collection and disclosure standards, and encourage financial institutions to enhance their independent research and innovation capabilities, in order to provide reference value for promoting urban green economic growth.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 7th International Conference on Humanities Education and Social Sciences (ICHESS 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
23 December 2024
ISBN
978-2-38476-323-8
ISSN
2352-5398
DOI
10.2991/978-2-38476-323-8_105How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Wenhua Xu
AU  - Yuanqi Feng
PY  - 2024
DA  - 2024/12/23
TI  - Does Fintech Promote Green Economic Growth in Chinese Cities?
BT  - Proceedings of the 2024 7th International Conference on Humanities Education and Social Sciences (ICHESS 2024)
PB  - Atlantis Press
SP  - 942
EP  - 948
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-323-8_105
DO  - 10.2991/978-2-38476-323-8_105
ID  - Xu2024
ER  -