Research on the Mechanism of Digital Finance Empowering New Quality Productivity

Abstract

With the deepening development of the digital economy, digital finance, as a critical enabling factor, has played an increasingly important role in optimizing resource allocation, stimulating technological innovation, and driving industrial transformation, thereby exerting a systematic impact on the formation and evolution of new-type productivity. Based on an integration of cutting-edge domestic and international theories and empirical studies, this paper constructs a multi-path framework elucidating how digital finance empowers new-type productivity. It systematically identifies five dimensions through which digital finance promotes qualitative upgrades in productivity: reorganization of capital and optimization of resource allocation, support for technological innovation and cultivation of innovation ecosystems, industrial upgrading and intelligent transformation, enhancement of risk governance capacity, and valorization of data assets alongside organizational restructuring. Furthermore, the study proposes a bidirectional feedback model between digital finance and new-type productivity, emphasizing their symbiotic evolution within a “technology–finance–industry” triadic interaction. The findings indicate that digital finance provides a stable, efficient, and resilient driving force for the sustained development of new-type productivity through systemic mechanisms, synergistic pathways, and ecosystem-based networks. Theoretically, the paper deepens the conceptual understanding of new-type productivity and extends the analytical boundaries of digital finance research; practically, it offers systematic policy and industrial-finance integration insights.