| The Central Economic Work Conference held at the end of 2017 emphasized that it is necessary to lay a solid foundation for preventing and resolving major risks and“hold the bottom line of systemic financial risks,".The direct cause of the all-out subprime crisis in the United States in 2007 was the systematicization of liquidity risk.Therefore,the fundamental defense against systemic financial risks lies in preventing systemic liquidity risks.In recent years,with the continuous deepening of reforms in China's financial innovation,different types of commercial banks have gradually differentiated in terms of business types,complexity,and the degree of correlation with the industry has gradually increased,leading to greater impact of financial market fluctuations on liquidity levels.Urban commercial banks with the original intention of "helping local development" play an important role in the banking industry.They are similar to the problems of excessive concentration of loans,excessive dependence on deposits and loans,and the existence of non-performing loans,which have gradually exposed their development and restricted their development.In 2013,the outbreak of internet finance broke the monopoly of traditional commercial banks in the special field,making commercial banks have changed in varying degrees in terms of debt structure,profitability,and asset quality.This paper starts with the impact mechanism of internet finance business on the liquidity level of urban commercial banks,and builds a comprehensive index of internet financial development,selects intermediary variables,proposes relevant hypotheses,and empirically analyzes the impact of the development of internet financial services on the liquidity level of urban commercial banks.It was finally learned that the Internet finance business affected the liquidity level of city commercial banks by damaging the stability of deposits,accelerating the deterioration of asset quality,and changing the traditional business structure.In addition,based on empirical results,this paper has set up extreme pressure scenarios and conducted liquidity stress tests on the five state-owned commercial banks and 14 listed city commercial banks.The final test results show that compared to the state-owned five major commercial banks,the city commercial banks are subject to After the impact of internet finance business,the liquidity level declined faster.Finally,the author believes that the current overall loosening of the liquidity level of China's urban commercial banks is not a symbol of rising risk prevention levels.Rather,it is relying on the policy benefits brought about by the slowing down of China' s macroeconomic growth.Moreover,the development of Internet finance business is The impact of urban commercial banks can not be ignored.Under such circumstances,in the face of the challenges posed by the development of internet financial services,city commercial banks will continue to adjust their business structure,expand the proportion of their intermediate businesses,and reduce the non-performing loan ratio,thereby reducing the liquidity risk caused by the mismatch of asset and liability maturities.Ultimately,the long-term and stable level of liquidity is achieved.In addition,change risk prevention ideas,use pre-prevention instead of emergency treatment,combine its own risk characteristics and operating conditions,establish a unique liquidity stress testing system,accelerate product innovation,reduce the risk of liquidity risk. |
