Analysis Of The Influence Of Third-party Payment On Intermediary Business Of Commercial Banks

The consumption is the most important factor which leads-to a steady growing economy in 2017.Besides,the proportion of online consumption is increasing,which laid the foundation for the development of third-party payment.Meanwhile,with the rapid development of the information technology,e-business applications continue to expand and diversify into Internet finance.The business of third-party payment institutions permeates every aspect of life and subtly changes the user's payment habit,making the user stickiness improve.In addition,it has been constantly updated with various types of high-mobility and low-threshold wealth management products,such as credit card products and credit products,which have reduced the market share of the financial services and credit card business of commercial banks.At the same time,in the context of interest rate liberalization,the traditional credit business profits of commercial Banks are gradually shrinking,and the days of banking monopolistic resource advantages are gone forever.The development mode of relying on the interest rate of deposit and loan interest is not sustainable,changing the income structure,accelerating financial innovation and developing intermediary business will be the key to the success of bank transformation.This paper systematically studies the development background of third-party payment and intermediary business of commercial banks and summarizes the viewpoints of domestic and foreign researchers,and determines the research ideas and research methods.Then,the paper analyzed the status of third-party payment and commercial bank's intermediary business income respectively.In terms of third-party payment,market transaction scale has been growing steadily,and the market transaction volume in 2016 is five times that of 2013.The mobile payment industry has been developing rapidly,and the annual trading volume increased from 1.3 trillion in 2013 to 35.33 trillion in 2016,mainly due to the wide penetration of the scene,the operation of users and the complete ecological construction.The profit structure of third-party payment mainly involves three kinds of scenarios:finance,consumption and individuals.According to incomplete statistics,individual business occupies more than 55%of the Internet payment share,and the financial sector accounts for nearly 30%of the market share,while the highest rate of consumption accounts for 15%.The improvement in its business costs is mainly due to the following three factors:increasing regulation,decreasing market growth and high subsidies.Commercial bank middle business,intermediate business income in terms of scale,state-owned big four banks far ahead than other types of bank,for example,icbc middle business income have firmly at the top,in 2016 reached 177.6 billion yuan,mainly due to the big four banks started early,accumulate good,capital strength and rich customer resources.In terms of conditions of commercial bank middle business income accounted,intermediate business income accounted for less than is generally,are all below 30%,mainly commercial Banks in China has not been started attaches great importance to the business innovation.By analyzing on the third-party payment and commercial banks intermediary business development of theoretical basis,analysis of all kinds of commercial bank middle business development of the theory,and then a theoretical analysis of the influence of the third party payment.From wealth growth theory,constraints,the induction theory,transaction cost theory,and avoid regulation theory and so on commercial bank middle business development motivation,and that the third party payment institution of commercial Banks intermediate business income have squeezing effect,and have certain shunt effect on bank customers.Through empirical analysis,the GDP,household disposable income and money supply M2 are selected as macro variables.The financial industry GDP and the banking business sentiment index as the medium index;Commercial bank's total assets,return on net assets,management expenses and the capital adequacy ratio as the microscopic variables,using principal component analysis to select the key factors,third-party payment through the panel model analysis of the influence of the intermediate business of commercial bank,and the different types of commercial Banks to group the empirical.Finally,it puts forward suggestions from commercial banks,that commercial banks should continue to develop payment and settlement business in combination with regulatory policies.Strengthen the intermediary business product innovation,the development advantage domain business;Promote informationization,science and technology construction,improve business efficiency.