| As a major developing country of fintech in the world,there are many transcendental changes in China's financial industry at present,and traditional financial institutions are inevitably affected.On the one hand,the impact on commercial Banks,price competition,spreads narrowed: constantly,on the other hand,commercial Banks can use financial actively to build high quality comprehensive service platform of science and technology,innovative business model to do big potential customers,more effectively implement guest live guest,application of mobile Internet,big data,cloud computing,artificial intelligence,chain blocks,such as technology to strengthen risk control,improve business results.China's commercial Banks' deep participation in fintech has also brought complex impacts on their risk-taking.This paper has great significance to study the impact of the development of fintech on China's commercial Banks' risk-taking.In terms of theoretical analysis,in order to clarify the impact mechanism of commercial banks' fintech on their risk-taking,this paper analyzes the application and function characteristics of commercial banks' fintech,and draws on the results of previous studies on the risk-taking of commercial banks,which affects their profit from commercial fintech.Starting from the aspects of capability,operational efficiency and risk control,this paper analyzes the positive and negative impacts of commercial banks' fintech on risk exposure,and comprehensively explains the theoretical mechanism of commercial banks' financial technology affecting their risk-taking behavior.Different from the previous studies in the previous studies,the paper analyzes its impact on the risk-taking of individual commercial banks by using the overall development level of commercial banks' fintech.This paper uses text mining method to innovatively construct the fintech index of commercial banks and quantify the sample of each commercial bank.The development of fintech has enabled the index to more scientifically and accurately quantify the development level of fintech of various banks,and improved the shortcomings of the previous research.This paper starts with a full sample of 33 banks and uses the System GMM method for regression estimation.The results show that the development of fintech in commercial banks has increased bank risk-taking.The main reason is that the investment in financial technology development of commercial banks has greatly hindered the improvement of profitability.The development of commercial banking fintech has improved the operating efficiency,making its business choices more optimistic,increasing risk investment,and increasing the probability of being infected by external risks.thereby increasing the risk-taking of the bank.In order to further explore the heterogeneity of the impact of commercial banks' financial technology on their risk-taking,this paper again uses the System GMM method to estimate the sub-samples.The results show that the fintech development of large commercial banks has increased their risk-taking,and the development of financial technology in small and medium-sized banks.The impact on its risk exposure is not significant.In this paper,the non-performing loan ratio(npl)is used instead of the z value to measure the stability of the commercial bank's risk-taking.The results of the core explanatory variable are basically consistent with the previous ones,indicating that the model is relatively stable.Commercial Banks should actively leverage fintech and promote the in-depth integration with fintech on the premise of risk prevention and control.Regulators should make full use of regulatory technology,implement dynamic supervision in the monitoring system,eliminate the regulatory vacuum,improve regulatory legislation and regulations,and promote the standardized development of fintech in commercial Banks. |
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