| Commercial bank liquidity is not only affected by its liquid assets,but also affected by factors such as asset quality and business structure.With the development of internet finance,commercial banks have been affected to varying degrees in the areas of deposits absorption,credit business structure,and asset quality.In particular,the difficulty in absorbing deposits has increased,and the development of internet finance has squeezed commercial bank credit business space,making commercial banks The decrease in bank's current assets,credit business,and asset quality have declined to varying degrees,which has affected the liquidity level of commercial banks and exerted greater pressure on the liquidity of commercial banks.This article first analyzes the development status of China's Internet finance from the perspectives of third-party payment,Internet funds,and Internet financing.Third-party payment is an important part of Internet finance.It has developed rapidly from 2005 to 2011,and since 2011,it is the essence of the Internet.The important stage of business development.Internet finance has attracted a large number of investors with advantages such as convenience,low transaction costs,and abundant products,which has affected the assets and liabilities space,profitability,asset quality,and business structure of commercial banks,and thus affected the liquidity level of commercial banks.Second,analyzing the current status of China's commercial banks' liquidity,through the analysis of excess reserve ratio,inter-bank lending,and bond pledge repo market analysis,we can see that the overall reserve ratio of China's commercial banks declined as a whole,and interbank market transactions increased.Frequent fluctuations indirectly indicate the tight liquidity of China's commercial banks.Again,this article begins with the path of internet finance's impact on the liquidity of commercial banks,builds an internet financial composite index,verifies its relationship with intermediate variables through Granger causality test,and aims to better analyze Internet finance for commercial banks of different scales.With regard to the impact of liquidity,this paper classifies commercial banks into three types: large commercial banks,medium-sized commercial banks,and small commercial banks according to the scale of their assets.Regression analysis is conducted separately.It is concluded that reducing deposit stability,reducing asset quality,and squeezing profitability are the Internet.The main path of financial impact on bank liquidity,and the proportion of non-interest income has the most significant effect on the liquidity of commercial banks.Finally,on the basis of empirical analysis,this paper adopts the historical scenario method of scenario stress testing.According to the extreme changes of each variable during the period from 2005 to 2016,it is predicted that the continued rapid development of internet finance in the future will cause the liquidity of China's commercial banks to face What kind of pressures,especially for commercial banks with different asset sizes,have different liquidity impacts.According to the test results,it is believed that commercial banks must innovate service models,enrich financial products,and achieve diversified development,so as to maintain a stable liquidity level under the impact of internet finance,and reduce the impact of capital shortages matching their liquidity.At the same time,relevant supervisory authorities should formulate regulatory indicators that are consistent with the development level of China's banks according to the actual conditions of commercial banks in China.Commercial banks themselves must learn advanced foreign stress test experience,improve the data disclosure system,and increase the transparency of information,in order to use pressure.Testing and management of commercial bank liquidity level to do a good job of data support,so that early warning,to prevent the occurrence of liquidity crisis. |
PDF Full Text Request