The outbreak of COVID-19 at the end of 2019 had brought unprecedented challenges to both China and the global economy. The pandemic has severely affected China’s domestic economy，causing companies and households to suffer severe shocks from both supply and demand sides，and bringing huge uncertainties to the economy. Meanwhile，it has led to a trend of recession in the world’s major economies due to the intensified pandemic. Against this backdrop，domestic digital financing has played a greater role in helping to ensure the cash flow of enterprises，ensure household income，promote household income smoothing，and alleviate the digital divide. Generally speaking，the innovation of digital financing is not only conducive to improving people’s livelihood and increasing residents’ sense of gain，but also helping promote the transformation of the entire financial sector，thereby better providing financial guarantee for high-quality economic growth.