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Digital finance is a revolutionary product of deep integration of finance and technology in the era of digital economy. Many scholars have studied the economic effects generated by the development of digital finance. In this section，literature combing method is adopted to comb and summarize literatures related to digital finance in the past two years，and it is found that the influence of digital finance on economic activities is multi-dimensional. Mainly involved in the enterprise sector，banking sector，household sector and macroeconomic research. In terms of its impact on the enterprise sector，the development of digital finance solves the problem of corporate financing constraints，improves the total factor productivity，financial performance and innovation level of enterprises，and promotes the realization of high-quality development of enterprises. In terms of its impact on the banking sector，the development of digital finance has improved the operational efficiency，profitability and innovation level of banks and prompted them to better serve the real economy. In terms of its impact on the household sector，digital finance improves the allocation efficiency of household financial asset portfolio，improves residents' income level and consumption level，and reduces the poverty level of rural households. In terms of its impact on the macro economy，digital finance promotes the upgrading of industrial structure，improves the effectiveness of monetary policy，and promotes high-quality economic development. This section summarizes the domestic and foreign research results in the above aspects to form an understanding of the economic effects of the development of digital finance at the present stage for reference.

Keywords: Digital Finance; The Enterprise Sector; The Banking Sector; The Household Sector; Macroeconomy