The Impact of the Coupling of Technology and Finance on the Real Economy: Mechanism, Path and Suggestion

Financial innovation and technological innovation are the two key entities for achieving an innovative economic system in China, and their coupling is a significant force driving the development of the real economy. This paper analyzes the factors and pathways through which the coupling system of technological innovation and financial innovation influences the development of the real economy, identifying that the factors affecting the development of the real economy through the coupled development of financial innovation and technological innovation include government, enterprises, and social environment. The pathways are achieved by changing the form of capital flow, technological breakthroughs, directional guidance, and transformations in the social landscape. Finally, combining the analysis presented in this article, relevant suggestions are proposed to coordinate the relationship between financial development and the real economy, stimulate corporate vitality, establish policy-oriented science and technology financial institutions, and focus on the structural aspects of real economy development.