Bank credit is the source of enterprise financing, but also the driving force of enterprise development. It not only fills the funding gap, but also creates more development opportunities for enterprises and occupies a dominant position in China's financing system. However, problems such as segmentation of the credit market and unsound financial supervision have led to the plight of enterprises facing difficult and expensive financing. Compared with traditional legal tender, central bank digital currency is not only a change in form, but also an optimization and upgrading of services and functions. By utilizing digital technologies such as big data, blockchain and smart contract technology, central bank digital currency will effectively reduce the information asymmetry between banks and enterprises, lower financing costs, broaden financing channels and improve financing efficiency. In addition, the "conditional triggering mechanism" of central bank digital currency realizes the precise placement of monetary funds and targeted support for enterprises, providing a good financing environment and technical support for enterprises. Finally, this paper puts forward corresponding suggestions for reference.

Xiao Li. A Study of the Impact of Central Bank Digital Currency on the Financing Constraints of Small and Medium-sized Enterprises. Academic Journal of Business & Management (2023) Vol. 5, Issue 26: 184-189. https://doi.org/10.25236/AJBM.2023.052628.

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