Research On The Integrated Development Mechanism And Path Optimization Of China's Banking And Insurance Industry

The Banking and insurance industry are important components of China's financial market.With the continuous development of both,the mixed operation of banking and insurance industry has become an inevitable outcome under the social and economic environment.The depth and breadth of the operation have been continuously strengthened,and the integrated development of banking and insurance industry has become the general trend.About 2019 silver insurance regulatory commission issued the Chinese silver circ guidance to promote the development of banking and insurance,high quality ",means that regardless of what kind of pattern in banking,insurance,how to fusion,must by the high quality for development direction,and different regions,different types,different sizes of mixed operation between Banks and insurance institutions of deep level exists significant differences.As the most important part of the financial market,banks play a key role in the optimal allocation of resources and prevention and control of systemic risks.Therefore,from the micro perspective,this paper studies the silver bao fusion development mechanism,bank-insurance fusion development performance analysis,design and optimization of the path,the related main body and the choice of strategy related issues,to push through banc assurance fusion bank comprehensive performance improvement,achieving high quality development has important theory value and practical significance.On the basis of the existing research results at home and abroad,combined with the actual situation of China's banking and insurance industry,based on the ecological symbiosis theory,collaborative entropy theory and the concept of total factor productivity improvement,By comprehensively using dynamic network SBM model,Malmquist model,threshold effect model,Bootstrap method,fixed effect model and other models and methods,with the help of DEA-Slover,Stata and other research tools,this paper conducts in-depth research on the development mechanism and path of bancassurance convergence led by Chinese banks.Firstly,a population competition model of banc-insurance integration development is constructed to analyze the mechanism of their integration development,define the symbiotic evolutionary relationship of their integration development,and divide the current banc-insurance integration development into the fund-raising process of capital accumulation and the operation process of business profit.Second,evaluate the dynamic network performance of high-quality development of the banking industry,analyze the impact of bank-insurance integration on high-quality development performance of the banking industry from the perspective of total factor productivity,clarify the relationship between the dual paths of capital accumulation and business operation to promote performance improvement,and provide a basis for designing and optimizing the development path of bank-insurance integration.Thirdly,a threshold regression model is constructed.Based on the threshold effect of capital accumulation and business profit,the development path of bancassurance integration is designed and optimized.Finally,based on the dual path of bancassurance integration,a dynamic panel model is constructed for bank income and risk,the strategy choice of bank subject under the dual path of bancassurance integration is discussed,the impact of related regulatory policies on bank income and risk is analyzed,and the regulatory strategy of bancassurance integration for government departments is proposed.The innovation of this paper is reflected in the following four aspects:(1)The Lotka-Volterra method was used to construct the competition model of bancurance-insurance integrated development population,and to reveal the symbiotic evolution mechanism between subjects and between subjects and environment.The concept of ecological symbiosis was introduced,and the analysis framework of symbiosis mechanism of banc-insurance integration development was proposed.Based on Lotka-Volterra method,the population competition model of banc-insurance integration development was constructed to clarify the evolution effect among the subjects of banc-insurance integration development and reveal the evolution law and symbiosis mechanism of banc-insurance integration ecological symbiosis system.To determine the formation conditions,evolution conditions and evolution direction of the bank-insurance integration stage;Based on the entropy change model,this paper explores the synergistic mechanism between the evolution of the subject and the change of the external environment in the symbiotic system of Bank-Guaranteed Integration Ecology,improves the Lotka-Volterra population competition model of Bank-Guaranteed Integration Development,and reveals the synergistic mechanism between the evolution of the subject relationship of Bank-Guaranteed Integration Development and the change of the social and economic environment.(2)Build dynamic network SBM model and DN-Malmquist model to open the black box of bank agent performance in the development of bank-insurance integration.According to the characteristics of differentiation in the design and optimization of the development path of bancassurance integration,the trend characteristics of the high-quality development performance that takes into account the benefits and risks in the process of bancassurance integration led by banks are discussed.In view of the capital accumulation process and business operation process of the banking industry,based on the dynamic network SBM model and DN-Malmquist model,the insurance license is taken as the standard to promote the integrated development of bank and insurance,and the differences between the high quality development performance of banks with or without licenses are compared.This paper discusses the difference between the performance of banks in the financing stage and the operation stage,clarifying the relationship between the dual paths of capital expansion and business operation to promote the high quality performance of the banking industry,and providing a basis for the design and optimization of the integrated development path of bancassurance.(3)Hansen threshold panel regression model was used to design and optimize the development path of bancassurance integration.Aiming at the dual path of financing and operation,the paper explores the effect of high quality development performance on bank-led integration ability when banks are in different stages of capital cooperation and business profitability.Based on the threshold effect of capital cooperation and profitability,a threshold regression model is constructed to estimate and test the interval effect effect of high quality performance on the bank-insurance convergence path.Design and optimize the development path of bancassurance integration.(4)Based on the dual path of bancassurance convergence,the dynamic panel regression model is used to put forward the development strategy of bancassurance convergence.The corresponding indicators reflecting the dual path regulatory policies of business integration and capital expansion are defined,and the mechanism of different policy regulatory approaches on banks' earnings and risks in the process of the dual path of bank-insurance integration development is proposed.A dynamic panel model affecting bank earnings and risks is constructed to clarify the ways and strength of regulatory policies in a specific path,so as to provide theoretical support for the strategy selection of banks and regulatory authorities in the integration of bank and insurance.