This paper uses the panel data of 30 provinces in China from 2011 to 2019 and the digital inclusive finance development index of Peking University to measure the comprehensive index of new urbanization with the entropy weight method and constructs a two-way fixed-effect model to empirically study the influence of digital inclusive finance on new urbanization. The research shows that digital financial inclusion can promote new urbanization and achieve comprehensive enhancement of population, economy, society, land urbanization and urban-rural coordination. There is a structural effect of digital financial inclusion, and the main role is played by the breadth of coverage and digitalization of digital financial inclusion. In terms of impact mechanism, digital financial inclusion can promote population entrepreneurship and local government debt financing, which in turn promotes new urbanization. From the heterogeneity analysis, the impact effect is greater in central and western regions than in eastern regions, and the impact effect in areas with low fiscal self-sufficiency rate is greater than that in areas with high fiscal self-sufficiency rate. The degree of digitalization plays an important role in different regions, showing a “digital dividend” and “timely help” effect in general. The research provides new theoretical and empirical support for the implementation of a new urbanization strategy.

利用2011—2019年全国30个省份面板数据和北京大学数字普惠金融发展指数, 通过熵权法测算新型城镇化综合指数, 构建双向固定效应模型, 实证研究数字普惠金融对新型城镇化的影响。研究结果表明, 数字普惠金融能够促进新型城镇化, 实现人口、经济、社会、土地城镇化和城乡协调的综合提升。数字普惠金融存在结构效应, 发挥主要作用的是数字普惠金融的覆盖广度和数字化程度。从影响机制来看, 数字普惠金融能够促进人口创业和地方政府债务融资, 进而促进新型城镇化。从异质性分析来看, 中、西部地区的影响效应大于东部地区, 财政自给率低地区的影响效应大于财政自给率高地区, 呈现“数字红利”和“雪中送炭”效应。研究结果可为新型城镇化战略的实施提供新的理论支撑。