Research On Risk Management For Internet Finance Of Joint-stock Commercial Banks

China is in the key node of economic transformation and upgrading,and financial development is facing new challenges.With the deep integration of Internet technology and finance,the Internet financial innovation is fully affirmed by all circles of society.The management of Internet financial risk has also aroused the attention of the national level.The National Conference on financial work in 2017 put forward that we should grasp the risk prevention work,enhance the foresight and effectiveness of risk prevention and control,and to early identify risk,early warning risk,early detection risk,early disposal risk.President Xi's report at 19 th CPC National Congress further emphasized the need to keep the bottom line of systemic financial risk.As an important part of China's financial system,joint-stock commercial banks are actively trying the Internet finance.However,various new financial risks are gradually exposed with the rapid development of Internet finance in joint-stock commercial banks.On the one hand,the development of Internet finance in China appears suddenly and is expanding in the absence of relevant regulations.Therefore,laws and regulations are relatively lagging behind.On the other hand,the Internet finance is different from the traditional finance.The risks are more hidden and more infectious than the traditional financial risks.The traditional risk assessment system of the joint-stock commercial banks no longer meets the needs of Internet finance.Therefore,how to build an effective risk management system has been a hot,key and difficult problem to be solved in the process of development Internet finance by the joint-stock commercial banks.This dissertation is based on information asymmetry theory,demand supply theory,life cycle theory,game theory and comprehensive risk management theory.Using the methods of literature survey,case analysis,logistic regression and BP neural network,the dissertation focused on the main line of "risk management for Internet financial risk management of joint stock commercial banks".(1)On the basis of research status and related theories of "Internet finance","Internet financial risk management","Internet financial risk management of Commercial Bank " and "Internet financial risk management based on Big data",the dissertation defines the core concepts of the research on Internet financial risk management of joint stock commercial banks,and analyzes the similarities and differences between Internet financial risks and traditional financial risks of joint-stock commercial banks;(2)the development of Internet finance of joint-stock commercial banks in China's is analyzed.After typical cases analysis of consumer loans and SMEs loans where high risks exist,problems of Internet financial risk management are revealed;(3)the relationship between fund-demand and fund-supplier is analyzed with the theory of demand and supply,and the role of Government is discussed.After that,a game model with three partied,which are the Government,the joint-stock commercial banks and the financiers is constructed,in order to study the formation mechanism of Internet finance risk;(4)on the basis of the analysis of Internet financial risk classification of the joint-stock commercial banks,Internet financial consumption loan and SMEs loan of Shanghai Pudong Development Bank's is taken as representative models to make analysis.Then by building a model based on BP neural network,the Internet financial risk of joint-stock commercial banks is evaluated and analyzed;(5)discuss the risk early warning and control mechanism of the Internet finance of the joint-stock commercial banks and put forward the comprehensive risk management strategy system for the Internet finance of the joint-stock commercial banks.The research points are:(1)the research on Internet financial risk management of joint stock commercial banks is a cross disciplinary subject.In recent years,the Internet financial risk management of commercial banks is a hot research issue in the academic circles at home and abroad.However,most of the existing achievements are from certain aspect of risk control.There are a few systematic research results about the financial risk management of commercial banks,and research results of Comprehensive risk management for Internet finance of the joint-stock commercial banks are fewer,and the overall research is in the initial stage.According to the reality of the development of Internet finance in China,China's Internet finance is developing rapidly,but there are still many problems,such as multi-head supervision,lack of supervision measures and conservative supervision mode,and even lack of supervision;(2)according to the characteristics of the Internet finance of the joint-stock commercial bank,the Internet finance is not only influenced by the internal factors,but also by many external factors.The Internet finance of commercial banks should not only rely on the "invisible hand" of the market,but also on the governments "tangible hands" to play the role of guidance and restraint to coordinate the relations between the parties;(3)the risks of Internet finance in joint stock commercial banks include the risks of policy and regulation,credit risk,and operating risk.It also includes special risks,such as operational risk,information and network security risks,reputation risks and so on.These risks must be identified accurately and controlled from the source,by starting with the Internet financial risk early warning system,risk control,and the application of big data risk control methods in joint stock commercial banks.Perfect policy and make up the short board at the national level;raising awareness and strengthening constraints at the industry level;strong foundation and improve quality at the bank level;system coordination and comprehensive management at other levels,al these should be promoted in order to establish and improve the Internet banking comprehensive risk management system for joint stock commercial banks in line with China's national conditions.The innovation points are:(1)starting with the three-party game of the government,the joint-stock commercial banks and the financing parties,this dissertation reveals the formation mechanism of the Internet financial risk of the joint-stock commercial banks,enrich and develop the theory of Internet financial risk management;(2)use Logistic regression and BP neural network to build a risk assessment model.It provides a new method of risk assessment for Internet financial of joint-stock commercial banks,which is different from traditional risk assessment;(3)build a comprehensive risk management framework for Internet banking of joint-stock commercial banks,which provides a practical basis for risk management of joint-stock commercial banks.