Commercial Banks Using Financial Technology To Support The Development Of The Housing Leasing Market In Shijiazhuang

At present,China is gradually moving from high-speed growth to a new stage of high-quality development.Since the State Council issued the Circular on Further Deepening the Reform of the Urban Housing System and Accelerating Housing Construction in 1998,the rapid growth of the real estate industry has brought great changes to the economic society and people's lives.But at the same time,there is also a contradiction of inadequate balance,such as overheated real estate investment,skyrocketing housing prices,unreasonable supply structure,unequal distribution of public resources and so on.The CPC and the state are particularly concerned about the problems in the housing sector.In the report of the 19 th CPC Congress,General Secretary Xi emphasized: “Insist on the use of the house as a place to live,not for speculation,and speed up the establishment of multi-subject supply,multi-channel guarantees,and housing systems that combine rent and sales,allowing all people to live and live."With the gradual deepening of the coordinated development strategy of Beijing,Tianjin,and Hebei,Shijiazhuang,as the provincial capital of Hebei Province and the province's political,economic,technological,financial,cultural,and commercial logistics center,has developed into an important regional center city in the Beijing-Tianjin-Hebei urban agglomeration.In the process of vigorously accepting the non-capital functions of Beijing and docking the development of the Xiong'an New District,Shijiazhuang's economic development gradually adapts to the new normal,the economic structure is optimized and upgraded,the drive for innovation is increasing,the population will flow in quickly,and the housing supply will also become tight.In the future,under the guidance of the party and national policies,the Shijiazhuang housing leasing market will become a blue ocean,releasing a huge dividend.In the new stage of economic and social development,economic development has emerged as a new normal.At the same time,new science and technology have emerged,and people's lifestyles and consumption patterns have undergone tremendous changes.The rapid development of financial technology represented by artificial intelligence,big data,and blockchain technology has not only greatly promoted the transformation of China's economy,society,and finance,but also has profoundly affected people's way of life and thinking.Under the impact of financial technology and marketization of interest rates,the three traditional businesses of commercial banks are facing severe challenges,and transformation and upgrading are urgently needed.At present,some commercial banks in Guangdong,Shanghai,Beijing and other places have begun to explore the housing rental finance business.How do Shijiazhuang banking financial institutions grasp new opportunities in the era,how to break through and regenerate in the housing leasing market,and how to effectively deal with financial technology belts? The impact of these studies in these areas has strong theoretical and practical significance.Based on the development of the housing leasing market in Shijiazhuang,this paper takes the development of commercial banks as a perspective,and uses the application of financial technology as a revelation.Based on the development of tripartite integration,based on the actual situation of commercial banks and the local characteristics of Shijiazhuang,it proposes Shijiazhuang banking financial institutions support the development of local residential leasing market in terms of the model,path and strategy.This paper uses a combination of literature research methods,field research methods,qualitative analysis and quantitative analysis and other research methods.Firstly,based on the analysis of the macro background of the Shijiazhuang housing leasing market,the paper summarizes the current status of the market,and then in-depth analysis of the market's existing major problems;Secondly,using the SWOT model for a comprehensive analysis,the paper help commercial banks to figure out what advantages are based on,what opportunities to grasp,what major issues exist,and what the risks are;thirdly,this paper describes the four major application scenarios of financial technology in real life,then analyzes the connotation nature,characteristic advantages of Fintech and its significant impact on commercial banks;Finally,on the basis of integrating the main pain points of the housing rental market in Shijiazhuang and the main problems of bank development,innovatively put forward the use of financial technology to empower commercial banks.The "commercial bank + Fintech" approach promotes the development of the housing rental market.This paper has purposefully designed a development model that suits the actual situation in Shijiazhuang.At the same time,it puts forward the path strategy and government supporting policies for the development of commercial banks.This paper hopes to fill in the gaps in relevant research and provide operational models and ideas for the solution of market pain points,the development of banking services and the landing of financial technology.