Research On The Impact Of Fintech On Credit Risk Of Chinese Commercial Banks

In recent years,China’s banking industry has developed very rapidly,the scale of loans has been increasing,credit risk has been concerned continuously,and commercial banks have been further integrated into financial technology.Financial technology improves the efficiency of banks around many aspects of their business models.After China’s financial science and technology has experienced the era of computer information,e-commerce and the era of financial and scientific integration,financial science and technology has shown explosive development.The impact of financial science and technology on the economy has changed from the internal innovation of financial institutions,the update of the financial system to the financial science and technology change of the whole society.The financial science and technology change of the whole society has an important impact on the credit risk of commercial banks and the management of credit risk.By combing the development of financial science and technology,summarizing the causes of credit risk of commercial banks,understanding the impact mechanism of financial science and technology development on credit risk of commercial banks,it has positive theoretical and practical significance for establishing a long-term mechanism to prevent and control bank credit risk,and ensuring the healthy operation of the financial industry.This paper first summarizes the theory of financial science and technology and its impact on commercial banks,and determines the research direction of this paper.Then it defines the concepts and features of financial science and technology,discusses the current development status of financial science and technology in China from three aspects:scientific and technological enterprises,Inclusive Finance and supervision,summarizes and summarizes the measurement indicators of financial science and technology level,establishes financial science and technology index through text mining and factor analysis,and concludes that the level of financial science and technology in China is increasing in a gradient way.Then it analyses and summarizes the current situation of credit risk of commercial banks,explores the causes of credit risk of commercial banks,and holds that financial technology improves the operational efficiency of commercial banks,but also brings more risks,improves the methods and methods of risk management,and improves the efficiency of risk management.Help commercial banks to carry out risk management pages to bring more risks and other aspects of analysis of financial technology on the credit risk impact mechanism of our commercial banks.On this basis,this paper establishes an econometric model based on the unbalanced panel data of 199 commercial banks in China from 2010 to 2020,takes the financial science and technology index as the explanatory variable,the non-performing loan rate as the explanatory variable,and chooses the scale of operation,the turnover rate of funds,the profitability,the capital structure,the inflation,the level of economic development as the control variable.Empirical analysis on the impact of financial technology on credit risk of commercial banks in China shows that financial technology will increase the level of credit risk of commercial banks.With the emphasis and layout of financial technology by commercial banks,the supervision and control of financial institutions and industries by the state,financial technology can reduce the level of credit risk of commercial banks in turn.Finally,based on the results of the analysis,the paper puts forward suggestions for the development of financial science and technology from the perspective of bank and government supervision.