Study On The Impact Of The Development Of Internet Finance On The Systemic Risk Of Commercial Banks

With the continuous development of Internet finance,Internet finance has formed a certain impact on the asset business,liability business and intermediary business of commercial banks,which has a significant impact on the development of commercial banks.In this context,in-depth analysis of the impact of Internet Finance on the systemic risk of commercial banks is of positive significance for commercial banks to deepen their understanding of Internet Finance and better realize their own healthy and stable development.Based on this,this paper selects the impact of Internet Finance on the systemic risk of commercial banks as the research topic,and empirically studies the impact of Internet Finance on the systemic risk of commercial banks on the basis of theoretical analysis.Firstly,this paper discusses the research background and significance,combs and summarizes the research on Internet finance,banking systematic risk measurement methods and the impact of Internet Finance on commercial banks at home and abroad,and defines the research direction of this paper.This paper analyzes the development process and main profit models of Internet Finance in China,and focuses on the impact mechanism of Internet Finance on the systematic risk of commercial banks.On the one hand,Internet finance will reduce the profitability of commercial banks;On the other hand,Internet finance will reduce the asset quality of commercial banks.This paper constructs the systematic risk evaluation index system of China’s commercial banks from the bank’s own dimension and external macroeconomic dimension,and then calculates the systematic risk index of commercial banks by using the principal component analysis method,so as to lay the data foundation for subsequent empirical research.Select the systemic risk index of commercial banks as the explanatory variable,the Internet financial index as the explanatory variable,the net interest margin and non-performing loan ratio as the intermediary variables,and the GDP growth rate,broad money supply,national housing prosperity index,asset scale and capital adequacy ratio of commercial banks as the control variables,Build an empirical model of the impact of Internet Finance on the systemic risk of commercial banks and an intermediary effect test model.Select the panel data of 16 listed commercial banks in China from 2006 to 2019 as the research sample to carry out regression analysis.The results show that Internet finance has a significant negative impact on the systemic risk of commercial banks,and the net interest margin and non-performing loan ratio play an intermediary role in the process of Internet Finance affecting the systemic risk of commercial banks.Finally,this paper puts forward some suggestions for the healthy development of China’s commercial banks and Internet finance from the level of commercial banks and Internet finance.