| Under the background that China’s economy has stepped into the " new normal" phase and finance is under strong supervision,the risks of Internet finance cannot be ignored.Among them,third-party payment have exposed many risks during its brutal development,and the central bank has also started to regulate.Only a decade has passed since the recent financial crisis erupted,and the developed countries are still on the road to recovery,financial security has also attracted more and more attention from the country.This article explores the influence of third-party payment on China’s financial security,through reading the related literatures,combined with the current development characteristics,then analyzes the current status of third-party payment and financial security.On the basis of combing the mechanism of recognizing the influence of third-party payment on financial security,through empirical analysis to demonstrate the relationship between the two,including the use of Analytic Hierarchy Process(AHP)for China’s financial security to build a target evaluation system and build a Vector autoregressive model(VAR)for the financial safety index and the third-party transaction scale,through the analysis of impulse response and analysis of variance to learn the relationship between the two.Finally,how to prevent the adverse influence of third-party payment on financial security and how to improve the overall defensive risk ability of the financial system are studied.The article concludes the following three conclusions:First,in the specific branches of third-party payment,the scale of mobile payment transactions now exceeds the scale of internet payment and become a new favor of the present payment methods.Second,by constructing the index system of financial security,we can find that the financial security in our country has been constantly fluctuated in recent years,especially now that the financial industry has been under strong regulation.Third,the development of third-party payments will affect China’s financial security through payment systems,money markets,and commercial banks.The excessive growth of third-party payment transactions will impact financial security and have adverse effects.This paper hopes to explore the mechanism of third-party payment’s impact on financial security by researching the relationship between the two,then provide reference for third-party payment institutions to prevent risks and establish security systems and also provides policy suggestions for the management of industry self-regulatory organizations and the central bank’s stepping up of supervision.It hopes to effectively curb the source of the risk of third-party payment and promote China’s financial security. |
