The Research On The Influence Of Inclusive Financial Business On The Operating Stability Of Commercial Banks

At the Third Plenary Session of the 18 th CPC Central Committee,"developing Inclusive Finance" was officially listed as an important national strategy.As the backbone of China’s financial industry,commercial banks have naturally become an important participant in the development of Inclusive Finance.Under the guidance of relevant policies,the investigation of Inclusive Finance in practice and academia mainly focuses on the policy results and implementation effect from the macro perspective,but few scholars study the impact of Inclusive Finance on the implementation subject from the micro perspective.Although Inclusive Finance has "social" significance,ensuring its "commercial sustainability" is the key to its longterm development.Therefore,exploring the impact of inclusive financial services on the operational stability of commercial banks is of great significance for the development of Inclusive Finance,the high-quality development of commercial banks,and the prosperity and stability of the national economy.From the micro perspective of commercial banks,through the combination of theoretical analysis and empirical analysis,this paper explores the impact of inclusive financial business on the operational stability of commercial banks,and further tests the non-symmetry of this impact between nationwide banks and local banks.The results show that for the whole sample of commercial banks,inclusive financial services significantly increased the level of bank risk-taking,and the positive impact on bank profitability is also very weak,which has a significant negative impact on the stability of bank operation;However,local banks have comparative advantages in the development of inclusive financial business and have significantly weakened the negative impact of inclusive financial business on the stability of banks.The current situation of the inclusive financial business of China’s commercial banks also shows that local banks can transform the inclusive financial business into their core competitiveness and realize the win-win pattern of coordinated development of social and commercial benefits.Based on the above research conclusions,this paper puts forward policy suggestions from two aspects: improving the inclusive financial risk control system and adjusting local banks as the policy focus.In terms of improving the inclusive financial risk control system: nationwide banks should make full use of their information technology and scale advantages to build an efficient and intelligent inclusive financial risk control system;Local banks should make full use of "soft information" advantages and adopt flexible and characteristic evaluation methods;Governments at all levels should speed up the improvement of inclusive financial infrastructure,and build a shared credit investigation system and credit guarantee system as soon as possible.In terms of adjusting local banks as the policy focus:increase the policy incentive of the inclusive financial business of local banks,strengthen the supervision of local banking business,and ensure the return of resources to the local places.