Study On The Impact Of Internet Finance On Asset Custody Business Of Commercial Banks

In recent years,with the rapid development of domestic economy,the financial industry shows the trend of financial disinter mediation,interest rate liberalization,and the interest rate differential between deposits and loans.The traditional profit model of commercial banks is gradually transforming from credit to asset management,investment banking,agency and so on.Asset custody business,as a traditional business of commercial banks,is booming along with the rise of "big capital management" era.Compared with other banking products,asset custody business has the advantages of less capital occupancy,strong driving and risk control,which has become another direction for commercial banks to pursue profits and seize the market.Especially in the development tide of Internet finance,asset custody business has ushered in broad development opportunities.However,due to the strong innovation of Internet finance,the regulatory policy is more relaxed than the traditional financial business,there is uncertainty and internal and external risk,which also makes the asset custody business facing a severe challenge.Firstly,this paper introduces the asset custody business,including its origin,characteristics,products and services.Based on the development process at home and abroad,it analyses the current situation of the industry development.Then it introduces the development status of Internet amount,including the definition,characteristics and mode of Internet finance.This paper focuses on the impact of Internet Finance on asset custody industry through literature analysis,summary and case analysis.During the development of Internet finance,the asset custody industry has been affected by it.On the one hand,new markets have been added and some innovative products have been used.On the other hand,it also brings various risks.It makes the risk of asset custody business transfer from internal risk to external risk,and puts forward a new test to the asset custodian.Facing the complex and changeable new situation,how to effectively cooperate with Internet Finance and promote common development of asset custody business has become the key development idea of the next stage of the industry.In the new era,asset custody business should actively learn from the innovative spirit of Internet finance,achieve effective integration with Internet finance,and innovate in products and services,business areas and processes.At the same time,with the help of big data and block chain technology in Internet finance,it will update and improve the technical means to provide a solid foundation for business development.Finally,taking ICBC,the largest asset custody institution in China,as an example,this paper analyses its development process,problems and main practices,and puts forward suggestions for the future development of the asset custody industry.In the last development cycle,the asset custody business thrived with the help of the "big capital management" era.In the next development cycle,in the face of tightening supervision of the asset management industry,if the asset custody business wants to maintain its growth rate,it must rely on Internet finance.In the future the asset custody business will not be limited to the capital market,but will become a bridge connecting the capital market,industry and Internet finance.It will pay more attention to providing value-added services for investors and managers,and truly become a multi-level and cross-domain integrated trusteeship service platform.