Internet Finance,Financial Product Development And Bank Risk Bearing

As an ingenious combination of emerging technology and traditional finance,Internet finance can promote industrial upgrading,economic transformation and the role of technology in economic development.From 2014 to 2018,5 years of government work report emphasized the development of Internet finance.In the future,Internet finance will have an important and far-reaching impact on China's economy and finance.At the same time,many traditional financial models are also facing the impact of the new mode.Internet finance brings opportunities and challenges to the financial industry.For banks,Internet banking not only promotes the business innovation of banks,but also puts forward higher requirements for bank risk management.On the basis of systematic review of the existing research literature on Internet finance,financial product income and bank risk,this paper probes into the influence mechanism and the action path of Internet Finance and financial product income on bank risk bearing.On this basis,using the related data of the bank,using the expected effect and the benefit search effect to depict the income of financial products,and using "text mining" to build the Internet financial index,empirical test the Internet financial and bank risk bearing,financial product income and bank risk bearing,as well as Internet Finance and silver.The interaction between bank financing and other three aspects.In order to make the measurement results more robust,this paper,based on the panel data of 25 commercial banks,uses the system generalized estimation method to test the interaction between the three.It is found that(1)there is a significant negative correlation between Internet Finance and bank risk bearing,and the development of Internet finance is helpful for banks to reduce risk taking because of the improvement of technology.(2)in terms of financial products,the expected effect and the benefit search effect have a significant positive correlation with the risk bearing of the bank,and the rise in the income of financial products will lead to the aggravation of the risk of the bank.(3)there is a significant positive correlation between the interaction of the Internet Finance and the expected effect,which shows that Internet finance increases the competition of the financial market and the problem of raising the cost of capital,which leads to the aggravation of the risk of the bank.The effect of Internet Finance and interest search shows a significant negative correlation,indicating the technical advantages of Internet finance,creating greater space for the income of financial products and reducing the risk bearing of the bank.According to the conclusions of the previous empirical analysis,this paper puts forward relevant policy suggestions on how to prevent the risk of Internet Finance and banking financial products,in order to provide reference for the stability and long-term development of the financial industry.