Research On The Impact Of Fintech Development Level On Commercial Banks' Risk Taking

In recent years,with the continuous deepening of technological innovation,the global financial industry is developing financial technology in full swing,in order to use technological innovation to empower financial services and achieve a better service format.Fintech is affecting traditional financial institutions in China with its unique business model and value creation methods,and it is affecting the development trajectory of traditional financial business of commercial banks with a variety of complicated and innovative models.First of all,this article carries out a detailed review of the ways and mechanisms of the impact of financial technology development on commercial banks' risk-taking behavior from the asset side and the liability side.Secondly,this article uses the processed Peking University Provincial Fintech Development Index to measure the degree of fintech development,and uses the asset-to-capital ratio,risk-weighted asset ratio,and interbank net debt ratio to measure the risk-taking preference of the overall commercial bank,asset-side,and the liability side.The SYSGMM method is used to conduct an empirical study on the impact of financial technology on the risk-taking preference of commercial banks,which provides empirical support based on theoretical analysis.The research in this paper shows: 1.From the perspective of the asset-side approach,the higher the degree of financial technology development,the stronger the risk-bearing preference of the commercial bank's asset-side.2.From the perspective of the debt-side approach,the higher the degree of fintech development,the weaker the risk-bearing preference of the commercial bank's asset-side.3.From the perspective of dynamic evolution,the impact shows a "U" trend of falling first and then rising.4.From the perspective of horizontal comparison,the impact has a heterogeneous impact,which is specifically reflected that in the large commercial banks are more sensitive,and small and medium-sized banks are relatively flat.The innovation of this paper is mainly manifested in: 1.This issue is systematically and completely summarized from both the asset side and the liability side,so as to explain theoretical mechanism.2.Based on the consideration of regional factors,the provincial Peking University Fintech Development Index is used as a proxy variable for the degree of fintech development,and the business can be reflected by the proportion of the income of each region of a commercial bank as a weight.3.This paper establishes a non-linear regression model to verify the "U"-type hypothesis between fintech and commercial banks' risk-bearing preferences,and further explores the relationship between the two,for the regulatory and the bank providing more empirical evidence.