Abstract: This article measures the level of common prosperity based on the panel data of 14 prefecture-level cities in Guangxi from 2011 to 2023, and empirically studies the relationship between the development of digital inclusive finance in Guangxi and local common prosperity through the benchmark regression model and the mediation effect model. influence mechanism. Research results show that the rapid development of digital inclusive finance has significantly improved the level of common prosperity in Guangxi, and has a significant role in promoting the level of regional development, sharing and sustainability. Heterogeneity analysis shows that digital inclusive finance has a more obvious role in promoting common prosperity in economically underdeveloped areas of Guangxi. And after the 2016 G20 Summit, the role of digital inclusive finance in promoting Guangxi’s overall common prosperity has been significantly enhanced. The intermediary effect analysis shows that Guangxi’s digital inclusive finance can promote common prosperity by easing financing constraints and promoting residents’ consumption growth. Therefore, it is recommended to strengthen rural financial infrastructure construction and popularize financial knowledge among residents, provide differentiated financing support, innovate financial consumption incentives and financial products, and promote financial technology innovation and international cooperation in the post-epidemic era.

Key words: digital inclusive finance; common prosperity; minority areas; financing constraints; consumption growth

Reprinted from Guangxi Economic Journal, 2024,42(06):85-96.