Abstract: The 2023 Central Financial Work Conference outlined "five major areas" (technology finance, green finance, inclusive finance, pension finance, and digital finance) where future efforts should be directed to improve the financial sector's support for the real economy. Digital finance, in this context, doesn't refer to digitizing finance itself but rather providing the financial support for the development of the digital economy and its smooth operation.
Financial institutions should tailor their financial products to meet the actual needs of companies undergoing digital transformations. It's crucial to recognize that "industrial digitization" encompasses the complete digitization of supply and industrial chains, not just the digitalization of individual companies. Financial institutions should offer better financial services to optimize data governance, production, and transactions.
In terms of the digital transformation of industrial finance, it's imperative to establish a clear standpoint. It should not revolve around building supply chain finance solely from the financial perspective but should instead focus on serving the industrial chain, innovating and designing digital financial products that align with the characteristics of the industrial chain. This is the type of financial services the digital transformation of industrial finance needs.
