This study examines the relationship between technological progress and financial development in China, a rapidly growing economy that has experienced significant advancements in both sectors in recent decades. The research investigates how technological innovations, including digital finance, fintech, and information and communication technology (ICT), have impacted the growth and structure of China’s financial system. By utilizing a combination of econometric models and qualitative analysis, the study explores the direct and indirect effects of technological developments on key indicators of financial development such as access to financial services, efficiency in financial transactions, and overall market growth. The findings suggest that technological progress has played a pivotal role in driving financial inclusion, improving the efficiency of financial services, and facilitating economic growth. However, challenges such as regulatory frameworks, cybersecurity concerns, and disparities in technology access between rural and urban areas are identified as barriers to fully realizing the potential benefits of technology in financial development. This research provides valuable insights for policymakers, financial institutions, and technology companies aiming to foster a more inclusive and efficient financial system in China.

Technology, Financial Development, Digital Finance

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