Research On The Impact Of Fin Tech On The Operating Efficiency Of Rural Commercial Banks

Since the reform in 2003,China’s rural commercial banks have experienced a series of profound changes,and their operating efficiency has been effectively improved,which has made important contributions to the national economy and the people’s livelihood.With the progress of the times,the development of China’s Fin Tech has also entered a new stage.Today,the vigorous prosperity of Fin Tech has had an unprecedented new impact on the operating efficiency of rural commercial banks.In 2022,No.1 central document pointed out to promote the Rural Revitalization in a comprehensive way,as a main force of rural financial institutions,rural commercial banks in China play an indispensable role in this area.Based on the above background,analyzing and studying the impact of Fin Tech on the operating efficiency of rural commercial banks in China is in line with the trend of the development of the times,which has important theoretical and practical significance for enriching relevant theoretical research and building a digital village.In this regard,this paper selects the operation data of 101 rural commercial banks from 2013 to 2020 as the research sample,uses the DEA-Malmquist model to calculate the operation efficiency of China’s rural commercial banks,constructs the financial technology development index by using the "text mining method" and Baidu Index library,and uses GMM Estimation to empirically analyze the impact of financial technology on the operating efficiency of China’s rural commercial banks.The main conclusions of the study are as follows:(1)The development level of China’s Fin Tech is generally on the rise,and 2017 is the dividing point for the rapid slowdown of the development speed of Fin Tech.(2)The overall operating efficiency of rural commercial banks in China during the sample observation period was slightly low,which decreased significantly around 2015 and 2020.(3)Fin Tech plays a significant role in promoting the operating efficiency of China’s rural commercial banks,brings a good competitive environment and positive technology spillover to rural commercial banks,and enables them to carry out digital transformation.(4)Specifically,there are differences in the impact of Fin Tech on the operating efficiency of different rural commercial banks.Listed rural commercial banks are more actively affected by financial technology,the positive impact of financial technology on rural commercial banks in the eastern region is more prominent,and the operating efficiency of provincial rural commercial banks is more sensitive to financial technology,Moreover,Fin Tech has a greater positive effect on the operation efficiency of rural commercial banks with high organizational maturity,and has a more prominent positive impact on large rural commercial banks.Based on the development status and empirical results of Fin Tech and rural commercial banks,this paper puts forward corresponding countermeasures and suggestions from the level of rural commercial banks themselves,industry regulatory authorities and government departments,so as to promote rural commercial banks to effectively integrate the development of Fin Tech,improve their own operating efficiency and contribute to the construction of digital countryside.