Credit risk evaluation innovation is of incredible importance to monetary establishments. AI innovation can fundamentally work on the precision and versatility of credit risk evaluation. This paper aims to study the risk assessment of operator big data Internet of Things credit financial management based on machine learning. It proposes machine learning-related algorithms, including the introduction of logistic model and decision tree model, as well as related concepts of credit financial management risk. This paper proposes that big data can be better used to reduce financial risk management problems and proposes specific actions based on the actual situation of the company. This paper selects company A for financial risk management evaluation through case analysis and compares it with three major e-commerce companies. The experimental results show that the earnings per share of company A is between −0.99 and 0. Company A is still in a state of loss in recent years, and there are certain debt risks, operational risks, and capital risks.

The sustainable growth of income for farming households in pastoral areas represents a crucial challenge not only for China but also for other developing nations in the process of transition to ecologically friendly models. The scarcity of assets available for collateral, along with vulnerable production conditions and developmental shortcomings, pose significant barriers to the consistent expansion of herdsmen’s income. This paper analyzes the impact of digital financial inclusion on the income of herdsmen in ethnic minority regions using panel data models from nine major pastoral provinces in China from 2011 to 2022. Through a fixed-effects model approach, the analysis delves into the influence of digital financial inclusion and subjects it to multi-dimensional and robustness tests to ensure the reliability of the findings. Furthermore, the research explores the underlying mechanisms through which digital financial inclusion contributes to income enhancement for herdsmen in these areas, employing mediation effect techniques to provide deeper insights into the relationship between digital financial services and economic upliftment in remote ethnic communities. The research findings indicate that digital financial inclusion has a positive impact on the income of herdsmen in ethnic minority regions. The breadth of coverage, depth of usage, and level of digitalization of digital financial inclusion all play a significant role in enhancing the income levels of herdsmen. In terms of the degree of influence, the impact of digital finance on the income of ethnic minorities follows this order: depth of usage > degree of digitalization > breadth of coverage. Notably, through financial backing that catalyzes a shift in herdsmen’s production methodologies and propels industrial upgrading, there is a profound potential to increase herdsmen’s output efficiency. This, in turn, alleviates the ecological strain on China’s environmentally delicate zones. Moreover, financial backing can condense the breeding periods for herdsmen, thereby ameliorating the ecological degradation associated with excessive grazing in pastoral regions. A mediating-effect analysis reveals that digital financial inclusion can boost economic development in ethnic minority regions by increasing wage income, raising per capita GDP levels, and promoting industrial structure upgrading. This, in turn, leads to an improvement in the income of herdsmen in these regions. This is particularly pertinent in China, where the eco-fragility of pastoral regions coincides with the modest income of herdsmen, underscoring the critical importance of herdsmen’s finance. To foster sustainable progress in these regions, financial backing is imperative to elevate herdsmen’s income and to induce a transformative shift in production approaches and industrial layout, paving the way for the sustainable development of these pastoral regions.

Introduction: In the pursuit of high-quality development in the pastoral economy, digital financial inclusion (DFI) plays an indispensable role in driving progress. The system of DFI constructed through “digital technology + inclusive finance” has gradually extended various financial services, such as lending and financing, to the pastoral areas of ethnic minorities, significantly reducing the barriers and costs for herdsmen to access financial services.Methods: Based on the panel data of 26 prefecture-level cities in the 9 main pastoral provinces of ethnic minorities in China from 2011 to 2022, this paper employs the entropy weight method to construct a High-Quality Development Index for animal husbandry. Utilizing fixed-effects and mediation-effect models, we analyze and elucidate the pivotal role of DFI in promoting the high-quality development of animal husbandry in impoverished regions, with particular emphasis on its underlying mechanisms.Results: (1) DFI has a significant positive effect on the high-quality development of the pastoral economy in China’s ethnic minority pastoral areas. Mechanism tests reveal that DFI promotes high-quality development in these regions through increased output value and income. (2) Structural heterogeneity analysis reveals that the coverage and usage depth of DFI have a significant positive effect on the high-quality development of the pastoral economy in ethnic minority pastoral areas. (3) Mediation effect tests indicate that DFI can further promote the high-quality development of the pastoral economy through the trickle-down effect of non-agricultural employment and the optimization of the pastoral industry structure.Discussion: This study provides theoretical support and empirical evidence for promoting the high-quality development of the pastoral economy through DFI. It also offers micro-level evidence for alleviating the funding constraints of herdsmen in remote areas without collateral through DFI.

Voluntary information disclosure is an important bridge between firms and external stakeholders. Based on the data of listed food companies from 2008 to 2022, this study examines the impact of voluntary food safety information disclosure on the government's resource allocation decisions from the perspective of the greater food approach. Such disclosure has a resource‐acquisition effect and can significantly increase the level of government grants. The aforementioned effect that is “not what it says on the tin” is only effective in the short term and does not allow for sustained benefits to be realized. The mechanism test established that the positive relationship between disclosure and government grants is significantly inhibited by market attention. Further research finds that this positive association is more pronounced among small‐scale and ordinary urban firms, with the types concentrated in revenue‐related government grants. This research enriches the literature on the economic consequences of voluntary disclosure and provides empirical evidence for the government to accurately screen firms' food safety status and information manipulation.

I. Food safety is a major public issue concerning human health and development. The profit-oriented processing system and the capital-intensive, vertically integrated food information system of mod...