Author(s)

YunWei Shen

Affiliation(s)

International Business School, Dongbei University of Finance and Economics, Dalian 116025, Liaoning, China.

Corresponding Author

YunWei Shen

ABSTRACT

This paper examines the current state and challenges of innovation and entrepreneurship among small and medium-sized enterprises (SMEs) in Liaoning Province, exploring pathways for high-quality development through fintech-enabled mechanisms. Research indicates that while Liaoning's SMEs have improved innovation metrics, their national rankings have generally declined, revealing three structural challenges: a disconnect between innovation and capital, diminished investment appeal, and market entities exhibiting “false prosperity”. To address these issues, the study proposes leveraging fintech solutions such as establishing enterprise digital profiling platforms, promoting blockchain technology applications, and developing equity crowdfunding and big data-driven credit services. These measures aim to alleviate financing constraints, enhance information transparency, and facilitate resource integration, thereby providing actionable strategies for fostering innovation among SMEs and revitalizing the regional economy.

KEYWORDS

Fintech; Small and medium-sized enterprises; Innovation and entrepreneurship; Digital economy

CITE THIS PAPER

YunWei Shen. Empowering small and micro enterprises in Liaoning through Fintech. World Journal of Management Science. 2025, 3(4): 49-53. DOI: https://doi.org/10.61784/wms3090.

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