The deep integration of virtual economy and real economy is becoming a new hot spot and trend. Just look at the performance of the Internet players on this year’s Singles’ Day, we can see a hint of this. In such a big background, to find the right way and method of virtual economy and real economy combination, undoubtedly become an important topic. Finance, as the “capillary” of economic operation, undoubtedly becomes an important breakthrough.
In a sense, fintech is a bridge linking virtual economy and real economy. Recognizing such a function and role of fintech, and finding ways and methods to combine Internet players with the real economy will not only help the transformation and upgrading of Internet players, but also have very important practical significance for the transformation and upgrading of the real economy.
In fact, from the point of view of fintech, the combination of virtual economy and real economy has already begun, but the previous way of integration more stayed in the surface, shallow direction. Therefore, in many cases, the transformation and upgrading of virtual economy and real economy mentioned by us are more reflected in the development logic of Internet style, rather than find the right way and method to combine virtual economy and real economy in the real sense.
This is the key to the fintech breakthroughs we’ve seen in the past. In many cases, the so-called fintech is not a bridge and link between virtual economy and real economy, but a tool and means for virtual economy players to harvest the flow of real economy. In the long run, the functions and roles of fintech have not been fully played, and even many excellent development opportunities have been lost. When the integration of virtual economy and real economy enters a new stage, it is of great significance to find out the functions and roles played by fintech.
Financial technology, virtual economy and real economy communication channel
In fact, after the development of the Internet era, the virtual economy and the real economy have formed an isolated and split relationship. To be more precise, the virtual economy represented by the Internet players and the real economy is a competition between one and the other. That is why we have seen the rise of Internet players and the decline and decline of real economy players. Obviously, such an unhealthy and unbalanced development state is not conducive to long-term economic development.
It has become an inevitable trend to break such a binary opposition in the Internet era and make the virtual economy and the real economy more deeply and comprehensively integrated. In such a process, it has become an inevitable trend to find the communication channel between virtual economy and real economy and realize the deep integration of virtual economy and real economy.
In this process, the functions and effects of fintech began to emerge. On the one hand, fintech integrates the great achievements of Internet players and gives full play to the greatest advantages of Internet players. With the help of fintech, we can give full play to the resources and advantages accumulated by Internet players in the Internet era. On the other hand, fintech has become a new way to empower the real economy, through which the functions and roles of finance in the traditional era can be maximized in the real economy. In other words, the financial needs of real economy players in the traditional era can be met and realized by fintech.
When fintech connects the virtual economy with one hand and the real economy with the other, it begins to play the role of the communication channel between the virtual economy and the real economy. With this as the beginning, virtual economy and real economy are no longer two separate, irrelevant existence, but become a mutual communication, mutual exchange, mutual integration of a new existence.
Fintech, the intersection of virtual economy and real economy
Another important reason why fintech can play the role of bridge between virtual economy and real economy is that through it, real economy and virtual economy can realize intersection and integration. When we look at virtual economy and real economy from the perspective of fintech, they begin to have “intersection”.
This is determined by the nature and attributes of fintech. In essence, no matter finance or technology, they are the “infrastructure” of virtual economy and real economy. It is worth noting that after the baptism and catalyst of the Internet era, there are signs of integration of finance and technology as two “infrastructure”. At present, finance has science and technology, and technology has finance. The relationship between finance and science and technology has already entered into a state of development in which we have each other and you have each other.
For the virtual economy, it is more about the financial technology, we see so many Internet players began to devote themselves to the financial industry, is the direct embodiment of such a phenomenon; For the real economy, it is more about the technology of finance. We see so many financial players start to use big data, cloud computing, AI and other new technologies to improve their own elements, processes and mitigation, which is a direct reflection of this phenomenon.
It can be seen that through fintech, virtual economy and real economy have realized the intersection and reached the connection. They are no longer two unrelated existence, but become one that can be integrated and crossed. To find the right way and method to combine virtual economy with real economy by fintech is undoubtedly an important breakthrough.
Fintech, the new origin of virtual economy and real economy
In fact, whether for the virtual economy players, or for the real economy players, they are facing a new voyage, a new departure. At such a moment, to find the starting point of virtual economy and real economy and realize the new twinning and evolution is the key to ensure that they can enter a new stage of development.
The author thinks that fintech is the new origin of virtual economy and real economy. One of the important reasons for such a judgment is that virtual economy is no longer the platform and center of the traditional Internet era, but a new type of infrastructure. In such a new role and positioning, virtual economy players no longer play the role of matchmaking and intermediary, but began to play the role of reshaping and reinventing the real economy. If there is a summary of such a role, digital is the most accurate one.
For the real economy, they are no longer suppliers in the traditional sense, no longer manufacturers in the traditional sense, but have become the new demand side. They require new elements, new methods of production, and new means of supply. It can be said that the real economy is also bidding farewell to its former self. After such a farewell, they too are no longer real economies in the traditional sense, but have more new characteristics. If there is a summary of such a quality, digitization is also an important aspect.
Through the above analysis, we can see that digitalization is becoming a new starting point for both virtual economy and real economy. How to make use of the functions and effects of fintech, especially how to realize the new exploration and practice of digitalization between virtual economy and real economy by giving full play to the functions and effects of fintech, is becoming a new direction of development.
When the integration of virtual economy and real economy is becoming a trend and trend, we need to find the bridge and bond between them, in order to achieve a deep integration and connection between the two. In this case, the function and role of fintech began to emerge. From the perspective of fintech, to find a new breakthrough of virtual-real integration, and thus open a new stage of virtual-real integration, is undoubtedly a new outlet.