Research On The Impact Of Internet Finance Development On The Efficiency Level Of Chinese Commercial Banks

As an important carrier of China's financial indirect financing methods,banking financial institutions bear the main mission of serving the real economy.In recent years,with the introduction of big data,cloud computing,artificial intelligence,mobile Internet,mobile payment,blockchain and other technologies and innovative applications.A large number of Internet companies,financial technology companies have mushroomed like mushrooms.On the one hand,Internet finance has had a strong impact on the profitability and inherent position of the traditional banking industry.The diversion of commercial bank's customer resources has a tendency to overtake the corner.From another perspective,the fact that Internet finance has succeeded in cross-border finance has also inspired and influenced commercial banks,which has had a profound impact on the transformation and upgrading of the banking industry.This paper selects the data of 16 listed commercial banks and uses the undirected DEA-Malmquist index model to calculate the total factor productivity of commercial banks.And cited the third phase of the Internet Finance Development Index of Peking University Digital Finance Research Center.Taking the competition between Internet finance development and commercial banks and win-win situation as the starting point of research.Research from the following two aspects:(1)the role of Internet finance development on the efficiency and decomposition efficiency of commercial banks and the theoretical mechanism;(2)the heterogeneity of different commercial banks affects the efficiency of Internet finance is the same or different.The research results show that:(1)Internet finance development has promoted the efficiency of commercial banks.(2)From the research results of the decomposition efficiency,the development level of Internet finance is positively related to the technological progress index,pure technical efficiency and scale efficiency.At the same time,the development of Internet finance has the highest contribution to the technological progress index of commercial banks,followed by the impact of pure technical efficiency and less on scale efficiency.(3)The development of Internet finance has a heterogeneous impact on the production efficiency of different types of businesses.Relatively speaking,joint-stock commercial banks have better absorption of Internet financial technology,followed by city commercial banks.Large state-owned banks have a slight lack of Internet financial technology and need to be strengthened.(4)The four dimensions of Internet finance development have a significant positive impact on the efficiency of commercial banks,and the impact is: Internet payment development level,Internet insurance development level,Internet investment development level,Internet money fund development level.After summarizing the research conclusions,combined with the actual situation of different types of commercial banks,the corresponding feasible countermeasures are proposed and prospected.