Research On The Impact Of Fintech On The Bank Credit Scale Of SME

Small and micro enterprises(SME)are not only the main force of national economic and social development,but also an important participant in the internal cycle of China’s economy.However,compared with the great contribution of China’s SME to social and economic development,SME have long faced the problems of difficult and expensive financing in the process of their own development,which is the result of the joint action of many factors,such as the weakness of SME,the imbalance of financial system structure,the impact of external environment and so on.To solve the financing difficulties of SME,the reform of the supply side is necessary.In recent years,the rise of Fintech has not only impacted the traditional business and industry ecology of the banking industry,but also stimulated the willingness of commercial banks to provide credit services for SME;At the same time,it can provide technical support for solving the technical pain points in the credit business of SME of commercial banks,and help commercial banks change their service from willingness to action for SME,so as to promote the expansion of the bank credit supply scale of SME.This paper analyses the relevant literature of Fintech and SME credit,and then combines the information friction theory,credit rationing theory,financial inhibition and financial deepening theory to clarify the theoretical path of the impact of Fintech on SME credit,and puts forward the hypothesis of this paper on the basis of practical investigation.On the basis of theoretical analysis,this paper takes 2714 SME in China small and micro enterprises survey(CMES)database as the research sample,constructs the regional banking financial science and technology level index through "text mining method+entropy method",and then uses the bilateral merged Tobit model to analyze the impact of financial science and technology on the bank credit supply of SME,And verify the impact path of Fintech on the credit of SME of commercial banks through the intermediary effect test model.Finally,conduct sub sample regression according to the bank scale and enterprise life cycle,and explore the heterogeneity of the impact of regional banking Fintech level from the perspective of both supply and demand.Through empirical research,this paper draws the following conclusions:first,Fintech has a positive incentive effect on the expansion of bank credit supply scale of SME,that is,the higher the level of Fintech in regional banking industry,the availability of bank credit of SME will also increase;Second,fintech can improve the information transparency of SME and help commercial banks better capture the information of SME in production,operation,sales and settlement.The accurate identification of credit risk of SME intensifies the weak position of some low-quality SME in credit negotiation,so there is a masking effect;Third,fintech can shorten the gap between large banks and small and medium-sized banks in the technology of credit loans for SME,and enrich the loanable funds in the credit market for SME;At the same time,fintech’s assistance to SME in the growth stage is more significant.Finally,combined with the conclusion of the paper,this paper puts forward relevant suggestions on the rescue of SME by Fintech from the three levels of SME,commercial banks and the government.