Green finance, FinTech and high-quality agricultural development

The goal of this study is to thoroughly analyze the connection between green finance (GFI) and agricultural high-quality development (AGHID), with a focus on the use of financial technology (FinTech). This project’s objective is to offer a strong framework of reference for the promotion of agricultural modernization as well as the encouragement of AGHID. Using data from interprovincial panels between 2011 and 2019, this study investigates the role of FinTech and uses the generalized method of moments model to show the effect of GFI on the AGHID. The study's findings indicate that advances in GFI have a statistically significant effect on the AGHID, with significance levels at least reaching the 1% mark. FinTech’s contribution to the area of GFI concerning the AGHID is typically underappreciated. A 1% upswing in the level of GFI corresponds to an average 18.9% increase in the level of AGHID. The study investigates local discrepancies and reveals subtle differences in the ways that GFI influences the AGHID in different regions. All regions benefit from the AGHID when it comes to GFI, although it is most noticeable in the western region. A temporal analysis demonstrates that throughout the 13th period of the Five-Year Plan, the positive impact of GFI on the expansion of premium agriculture was clearly increasing. Further analysis reveals that the information channel impact and the human capital effect are crucial channels via which GFI contributes to the AGHID, providing further insight into the working processes.