An Empirical Study Of China’s Financial Structure And Economic Development Under The Background Of Internet Banking

Since the reform and opening up,with the economic growth has made remarkable achievements,China’s financial structure has also undergone great improvement.Especially in recent years,in the China economy from rapid growth to the rapid decline and the rise of the Internet financial model and rapid development under the background of the transformation of China’s traditional financial industry pressure gradually.This is "practical needs of financial reform in the new normal economic background,but also the development of Internet banking and Internet banking benign stimulation.As a representative of financial innovation,the third party payment,P2P,all the chips and other Internet financial business of traditional banks,brokers and insurance companies have caused a huge impact Hammer,which have an impact on China’s financial structure.Based on this,this paper focuses on how financial structure affects the economic development in the context of Internet banking.The quarterly data the paper selected from January 2007 to December 2016,with GDP as economic growth variables,with the Internet as a proxy for the third party payment of Internet banking,and starting from the financial structure,the Grainger causality test,VEC model analysis and robustness test,preliminary exploration of China’s Internet banking,the dynamic relationship between financial structure and economic development.The conclusions of this study are:1 Internet Financial on short-term economic development promotion effect is not obvious,but the long-term by the change of bank loan scale and profit,forced securities company profit model,the change of insurance company Business model,reduce operating costs and the impact of financial structure,promote economic development in.2 traditional financial intermediaries(banks,stock market,insurance market)and money supply has a role in promoting economic development,and the Internet Finance and traditional financial intermediaries for alternative small,there is a big space fusion between the two.3 conduct effective supervision and proper guidance on Internet banking,and the need for the introduction of a series of policies to support innovation,support the development of Internet banking.The innovation of this paper is:Based on the perspective of the Internet finance,Internet financial analysis that influence the economic development impact on the financial structure.The main deficiency is the data collection problem,due to the development of China’s financial market is in equilibrium and the statistical data is not complete,can not get a lot of data.