Digital finance; News text sentiment analysis; Adaptive-Lasso; GABP-News model

Compared with traditional finance, digital finance introduces digital technology for financial innovation, which largely reduces financial exclusion and discrimination, but improved financial services, such as mobile payment, online lending, virtual currency, and investment and wealth management, also involve potential risks. Hence, we propose a sentiment analysis model, GABP-News, to study the predictive ability of the information contained in news texts on digital financial development in China.