Research On The Impact Of Financial Technology On The Profitability Of Listed Commercial Banks In My Country

Since 2016,with the further integration of Finance and science and technology,on the basis of the mature development of Internet finance,financial science and technology has further developed and become a new economic outlet.On the one hand,with the increasingly severe financial environment,traditional commercial banks began to make more use of financial science and technology,increasing investment in financial science and technology R&D and utilization,seeking further transformation,upgrading and development,especially the listed commercial banks dominated by Agricultural Bank and Construction Bank in the field of financial science and technology;on the other hand,consumer awareness.Increased demand and diversification are driving the rapid growth of financial technology companies with the Internet as their main position.Tencent,360 financial and other financial technology giants performance reports show that in 2018,the results of financial technology revenue promotion are remarkable,and the net operating income of each technology company doubled in 2018.Traditional financial institutions are increasingly keen on cross-border cooperation with financial technology companies,and the ecology of financial technology development is taking shape.At the same time,under the strong impact of trade frictions,domestic implementation of strong supervision,efforts to prevent and defuse financial risk situation and the financial industrys large opening up,listed commercial banks with weak profitability will face a more severe business situation.On the one hand,in the changing macroeconomic environment,customer demand preferences,competitors and other environments,Chinese banking industry has entered a critical period of reform.If listed commercial banks want to further improve their operating performance and continue to occupy a dominant position in the financial market,they must take business ideas and take the road of transformation and development of Financial Science and technology integration.On the other hand,with the rapid development of inclusive finance,the opportunities for traditional financial institutions to provide corresponding services are developing rapidly.Therefore,as a traditional financial institution,listed banks are in xurgent need of technological reform and innovation of financial services.With the continuous enhancement of financial supervision,the way of increasing financial business flow by expanding user scale and enhancing user experience has gradually become the past.Supervision,technology and cost have jointly promoted the Internet financial era to the era of financial technology.With the continuous integration of technology and financial industry,the application of next generation technology such as big data,block chains and artificial intelligence in financial industry is increasing.While improving the quality of financial services,it has significantly improved the efficiency of financial services and continuously expanded the breadth and depth of financial services.It also points out the effective transformation path for the transformation development and profitability enhancement of listed commercial banks in China.This paper analyses the current operating conditions of listed commercial banks in China from the aspects of return on assets,operating efficiency,capital adequacy ratio,asset quality,net interest margin and profit combination.Combining with the relevant theoretical research and analysis,this paper puts forward the research hypothesis of the impact of financial science and technology on the profitability of listed commercial banks in China.This paper chooses the operating data of 16 listed commercial banks in China from 2012 to 2017 as the research sample,and takes the return on capital of listed banks as the explanatory variable.The development level of financial science and technology is divided into two factors:the development level of financial science and technology companies and the level of financial science and technology of listed commercial banks,which are the core explanatory variables.By using Stata 14.0 statistical software and panel data regression analysis,this paper makes an empirical study on the impact of financial technology on the profitability of listed banks.The results show that the development of financial technology companies has a negative impact on the profitability of listed banks;the improvement of financial technology level of listed banks will help to improve the profitability,while the development of financial technology will force the transformation and upgrading of listed banks in China.Finally,based on the results of empirical analysis,some suggestions are put forward,such as strengthening the financial sci-tech ability of listed banks,strengthening the exploration of new commercial bank model,building a new financial sci-tech talent system,and strengthening the risk control of financial sci-tech derivatives.