The Impact Of Internet Monetary Fund Financing On The Income And Risk Of Commercial Banks

After defining the measures of economic transformation and upgrading,China is making every effort to build a high-quality and sustainable economic growth model.Deepening the reform and development of financial industry has also been officially listed as an important national strategic goal.Under the impetus of science and technology,China's financial market has undergone tremendous changes: third-party mobile payment has largely replaced cash as the most popular way of payment,P2 P network lending makes individuals and small and medium-sized enterprises no longer worry about financing difficulties,Internet Monetary Fund financial products triggered a wave of national financial management.Contrary to the vigorous development of Internet finance,commercial banks seem to be gradually marginalized and their operating results are greatly affected.In order to prompt commercial banks to face up to the invasion of the Internet financial wave,quickly walk out of the dilemma of development,and effectively realize the improvement and innovation of commercial banks in the Internet era,this paper will start with the Internet Monetary Fund financing business,which is a specific model in the field of Internet finance,to explore the ways in which the business model acts on commercial banks,and to study the direction and magnitude of the impact of the development of this business model on the profit level and risk level of commercial banks.This research has not only theoretical significance to fill the gap in relevant research,but also practical significance to guide commercial banks to grasp the opportunities of the Internet better.Specifically,this paper studies the current literature on the development of Internet Monetary Fund financing and its impact on commercial banks through literature analysis.It basically mastered the connotation,characteristics,conditions,operation mode and development process of Internet Monetary Fund financing,and combines with existing research,divides the existing Internet Monetary Fund financial products into four categories: fund system,Internet system,banking system and consignment system.Through method of comparative analysis,this paper compares the advantages and disadvantages of Internet Monetary Fund Financing with those of traditional Monetary Fund Financing and Bank Financing.By using the way of qualitative analysis and method of quantitative analysis simultaneously,this paper analyses the mechanism of the influence of Internet Monetary Fund Financing on the income and risk of commercial banks,and establishes the vector autoregressive model and two equilibrium panel data models through empirical analysis.The above theoretical analysis should be validated according to the model.The results show that the Internet Monetary Fund has a positive effect on the total income of commercial banks by affecting the deposit and financial management of commercial banks;it has a positive effect on the total risk of commercial banks by affecting the liquidity risk and credit risk of commercial banks;whether listed commercial banks belong to large state-owned commercial banks or medium-sized and small joint-stock commercial banks,The development of banking and Internet Monetary Fund financing will have a certain impact on its risks and returns,and the impact on different types of commercial banks is almost the same.In the case of the research results,this paper puts forward nine detailed measures in three aspects.Mainly include: at macro-policy and financial supervision level,the need for government support,the improvement of laws and regulations and the strengthening of financial supervision;at commercial bank business management and reformation level,the need for strategic adjustment,business service innovation and in-depth cooperation with Internet enterprises;at commercial bank risk response and control level,the need to strengthen risk systems,data and information integration.The continuous reserve of industry talents?expertise and core technology.Among them,the establishment of the National Internet Financial Supervision and Administration is an innovative measure.