Author(s)

Rongyang Li, Siqi Li, Haoyu Wangzhang

Corresponding Author

Rongyang Li

ABSTRACT

With the convergence of digital technology and finance, digital inclusive finance has become a big trend. The Digital Inclusion Finance Index is also widely used to measure the real economy. This paper firstly analyzes the current financial index system of digital inclusion in Beijing. Secondly, five indicators are selected: thereal economy gross product, fixed asset investment, regional industrial value added as a proportion of regional GDP, power generation and freight volume to construct an index system of real economy development. Then, the application of neural network-multi-layer perceptron (ANN-MLP) algorithm is used for empirical analysis, and it is considered that the comprehensive system established in this paper is more concise. The results show that for the real economy as a whole, the index system of the real economy in Beijing is more concise and accurate. The results show that the importance of digital inclusion finance for the real economy is reflected in the breadth of its coverage, and the development of digital level plays a vital role in most indicators. The digital level promotes the development of the real economy by reducing the liquidity constraints of consumers and SMEs, improving financing efficiency, expanding access to financing, reducing financing costs, and facilitating consumer and enterprise payments.

KEYWORDS

ANN-MLP, Digital Inclusive Finance, Real Economy, Integrated System