The Impact Of Internet Finance On Commercial Banks

In recent years,the development of Internet technology,the Internet has been applied to all aspects of life.With the vigorous development of ecommerce,the development of internet finance in China is very rapid.The rapid development of internet finance is full of fluctuations has caused widespread concern in all sectors of society.The rapid development of internet finance has largely coincided with that of traditional commercial banks.What kind of impact will internet finance have on the business of commercial banks?How does internet finance affect commercial banks?How should commercial banks develop in the face of internet finance?These are the urgent needs of commercial banks.The study of the impact of internet finance on commercial banks has certain practical significance.On the basis of reviewing and reorganizing the previous viewpoints of the literature,this paper proposes four ways of influencing internet banking on the deposit and loan business of commercial banks:changing the structure of asset allocation,relocating long-tailed depositors in deposit markets,changing the financing method of financiers,and occupying loans long tail market customers.At the same time,it analyzes the macroeconomic impact of internet finance in improving financial services and increasing economic operating risks.Finally,after analyzing the long-term and short-term impact of internet finance on commercial banking business,four trends in the development of internet finance and commercial banking are proposed:integration,differentiation,innovation and new stage.In this paper,eight single equation linear regression models are used to analyze the main issues of the article.With autocorrelation problems among the three models,we used OLS+HAC to control the influence of autocorrelation of explanatory variables on the regression results.Through the analysis of the regression results,this paper determines the impact of internet finance on commercial banks while determining the value of internet finance's impact on commercial banks.Finally,,we have obtained the following conclusions through the analysis of the empirical results:1.Internet finance diverted the deposit business of commercial banks;the negative impact of internet finance on corporate deposits was obvious and significant,but the impact on residents' deposits was not obvious;The reason why Internet finance diverts commercial bank deposits is that Internet finance has changed the asset allocation structure of depositors rather than causing the long tail market of deposits to migrate.2.Internet finance squeezed the commercial bank's loan business;the negative impact of Internet finance on short-term loans and corporate loans was obvious and significant,and the impact on medium and long-term loans and residential loans was not obvious;Internet finance squeezed commercial bank loan business.The reason is to change the financing methods of financiers;Internet finance accounts for long-tail users in the loan market in the medium and long-term loan market.3.Internet finance helps to improve the depth and breadth of financial services.Internet finance helps provide better services and helps solve the financing difficulties of small,medium and micro enterprises.