清华金融评论·2025-07-23 09:22Core Viewpoint - The article emphasizes the critical role of finance in enabling high-quality development in county areas, which are essential for urban-rural integration and common prosperity in China. It advocates for a comprehensive financial empowerment system that integrates technology, application, and institutional layers to effectively support county development [2][3]. Financial Empowerment Mechanisms - Finance serves as the backbone of the national economy and is crucial for resource allocation and promoting factor mobility. It plays a key role in addressing the imbalances and inadequacies in county development, which include economic expansion alongside structural imbalances, and the need for industrial upgrades amidst factor outflows [3][6]. Industrial Promotion Function - The financial sector is vital for supporting the transformation and development of county industries. Many counties still rely on traditional, inefficient business models, necessitating better organization and resource allocation to reshape industrial chains [7]. - Digital finance enhances service efficiency and promotes collaboration among various stakeholders, leveraging big data and AI to integrate production factors with financial services. This integration helps reduce information asymmetry and drives county economic advancement [8]. Risk Mitigation Function - Counties face complex and diverse risks, making financial risk management essential for maintaining social stability. Financial institutions can enhance the resilience of industrial structures and support small and micro enterprises, thereby diversifying county economies and reducing dependency on single industries [9]. - By establishing risk-sharing mechanisms with local governments, financial institutions can alleviate pressure and improve access to financing for industries, effectively distributing risks between the government and the market [9].