Research On The Impact Of Shareholding Structure On The Development Of Bank Fintech

Technology empowers innovation,innovation promotes development,and fintech connects finance with technology,which has deeply affected the ecological structure and business model of the financial industry.Chinese Min min bank pointed out the urgency and importance of the current development of financial technology in China in the financial technology development plan,and the "14th Five-Year Plan" and the Central Economic Conference(2021)also successively emphasized "high-quality development" and "the core position of innovation".The development of financial technology can realize the application and extension of emerging information technology in the financial field,and bring new opportunities for banks to broaden their business boundaries and enhance their competitive strength.The banking industry is in a new era of technology-driven transformation and upgrading,and it is urgent to rapidly integrate information technology and business at this stage to form a new business model supported by financial technology.The bank governance mechanism is an important driving force for carrying out innovative activities,and the equity structure as the basis of the governance mechanism will start from the internal institutional model of the bank,and affect the initiative of the bank’s transformation and development from a deeper level,so clarifying the equity arrangement that can drive the bank to carry out innovative activities is crucial for the in-depth development of financial technology.At the start of this research,the background and ideas of the research are elaborated,and the relevant literature achievements at home and abroad are sorted out and summarized.The specific research content takes the equity structure and financial innovation as the starting point,and analyzes the mechanism of equity arrangement on the development of financial technology on the basis of agency theory,property rights nature theory and financial innovation theory.Secondly,an empirical model that conforms to the research objectives and the characteristics of the sample data is also designed to conduct an empirical study on the relationship between the shareholding structure and the development of financial technology.Finally,the research conclusions were drawn from multiple dimensions such as equity concentration,equity balance,and equity nature,and combined with the current situation and arrangements in China’s equity reform and financial technology development,policy suggestions for optimizing the equity structure of banks and improving the level of financial technology development were proposed.Empirical research has found that there is a positive promotion relationship between equity concentration and the development of bank financial technology,and a more centralized equity arrangement can provide more abundant human resources and technology resources for the development of financial technology;the reasonable increase in the proportion of equity of non-controlling shareholders can play a check and balance role of equity,improve the decision-making efficiency of innovative activities,and reduce the short-sighted problem caused by the fact of over-concentrating share;the controlling shareholders of state-owned attributes are more inclined to steady operation and face certain political constraints.Thus,it has a restraining effect on banks to carry out financial technology activities,that is,the state-owned holding attribute is not conducive to the development of bank innovation activities.Finally,this paper makes several policy solutions based on the above conclusions.