The Impact Of Digital Finance On Entrepreneurship Of Urban Residents

Nowadays,the Chinese economy has entered a new phase of development,and innovation has become a major pillar of national economy.Innovation and entrepreneurial activities not only have a great influence on the economic development of the developed countries,but also have a great effect on the development of developing countries.However,in developing countries,due to lack of credit support,narrow social networks and entrepreneurial aspirations,it is difficult to achieve.In recent years,with the development of digital finance,people have gained some new understanding of this topic.Digital finance is different from traditional finance.It pays more attention to the combination of digital technology.Nowadays,the development of digital finance has become a major impetus for the high quality economic development in China,and is also the leading power in the world economy.From the current situation in China,in recent years,there has been a significant improvement in the coverage,use depth and digitization of digital finance services.Because of the rapid development of IT,it can greatly reduce information asymmetry,reduce transaction costs,increase the availability of financial services,reduce the restrictions on family credit,and stimulate the development of enterprises.Initiatives.Therefore,it is necessary to explore the relationship between digital finance and resident entrepreneurship.First,according to the current research results,this paper uses data from the China Financial Family Survey(CHFS),the Beijing University of Finance Digital Development Index,China Statistical Yearbook and other data,and creates an index.Urban enterprises,analyze the impact of digital finance in the new project period,discuss the impact mechanism,and lay a solid theoretical foundation for this article.Secondly,according to the current situation,this paper divides entrepreneurial activities into three levels: project identification,motivation and efficiency,and then discusses the impact of digital finance on these three levels,and discusses the impact of financing.The impact of digitalization on entrepreneurship is divided into three levels: direct impact-reducing the financing threshold,increasing the availability of information,improving financial services,and indirect impact-promoting economic growth and promoting technological innovation.Finally,through statistical analysis of the 2017 and2019 annual surveys of Chinese household finance,with the help of digital public finance indicators from different provinces and cities,the relationship between digital finance and entrepreneurship among Chinese urban residents is explored.In China,establish appropriate standard models,conduct experimental research,and analyze the working mechanism and impact on the road.In the strength test,this paper analyzes the impact of digital finance on entrepreneurial behavior from different perspectives,and studies the education level of municipal and urban education with low,medium and high education levels.In order to solve the internal problems caused by any variable or reverse causality,this paper selects the number of mobile Internet users in each province as the variable tool,uses the variable tool to estimate,and uses the delay effect.The test concluded that digital finance has a significant positive relationship with urban residents’ businesses,indicating that digital finance can play a role in promoting innovation and entrepreneurship.In order to explore the impact of digital finance on entrepreneurship,this paper also tested the impact of digital finance on the urban population to analyze the impact of digital finance on entrepreneurship.Based on the above results,we can conclude clearly that the development of digital finance is beneficial to the business activity of urban residents.On this basis,this article gives some advice on how to perfect and develop the Chinese digital financial system,so as to promote the development of Chinese enterprises.Specifically,in order to increase the tendency of entrepreneurship policies,encourage digital technology innovation,eliminate the digital divide,strengthen market regulation,promote the development of digital finance in China,and promote the initiative of residents,entrepreneurship in urban areas reduces social pressure on employment.At the same time,by analyzing the positive role of digital finance in entrepreneurship,financial institutions can continue to improve the digital comprehensive financial product system based on meeting the entrepreneurial needs of the public.The diversity,breadth and accuracy of service types can improve the real economic services,stimulate the innovation and enthusiasm of the whole society,form a new source of economic development,and keep China’s economic level unchanged maintain a steady upward trend.