Abstract:

This paper theoretically analyzes the mechanism of financial technology on high-quality economic development, and uses the panel data of 30 provinces from 2011 to 2020 for empirical testing. It is found that financial technology has a significant positive role in promoting high-quality economic development, and there are obvious regional differences, which are only significant in the eastern region. Further research finds that financial supervision and financial literacy can strengthen the role of financial technology in promoting high-quality economic development. Hereto the paper puts forward countermeasures and suggestions for the path selection of financial technology to promote the high-quality development of China's economy from the perspective of internal and external environment.

Key words: financial technology, high-quality economic development, financial regulation, financial literacy