Research On The Impact Of Internet Finance On Commercial Banks' Intermediate Business

In recent years,the steady development of China's economy,the continuous improvement of the financial market supervision system,and the continuous expansion of the use of the Internet have laid the foundation for the sudden emergence of the Internet finance industry.At the same time,the process of marketization of interest rates in China is continuously deepening.The People's Bank of China has narrowed the benchmark deposit and withdrawal interest rates of commercial banks for many times,and commercial banks have adjusted the income structure of their businesses,and the trend of increasing the development of intermediary businesses has become inevitable.The above background created a collision between the internet finance industry and the commercial bank's intermediary business in the market,because the two have a direct or indirect crossover in multiple subdivided business areas,such as payment settlement services,financial sales business,etc.What is the competition relationship and the degree of influence between each other?This is a question that needs to be studied clearly.This article will study this issue through a combination of theory and practice.In order to study the above issues clearly,this article first reviews the factors that affect the development of commercial banks' intermediary business and the related literature on the impact of Internet finance on commercial banks.Based on existing research literature and theory,it elaborates the cooperation and competition between internet finance and intermediary businesses.Then,a summary of the market profile,development model,and future trends of the intermediary business of the Internet finance industry and commercial banks was conducted.Through the comparison of the advantages of the two,a theoretical analysis of the mechanism of the impact of Internet finance on the development of intermediary business of commercial banks was conducted,and follow-up demonstrations were conducted.Analyze the research hypothesis.This paper collects the operating data of 18 commercial banks from 2008 to 2016 as a sample of the study,and uses the bank's intermediary business income as the dependent variable,and the development degree of Internet finance(third party payment market transaction scale)as an independent variable to establish a panel data model.analysis.The empirical results show that Internet finance has a certain negative impact on the development of commercial banks' intermediary business.At the same time,the development degree of commercial banks' intermediary business has a significant relationship with their own asset scale,asset-liability ratio,and other characteristics.The larger the asset scale,the lower the asset liability ratio,the better the intermediary business development of commercial banks.Finally,combined with the theoretical analysis and empirical research results of this article,according to the actual situation in the market,we should make a reasonable explanation for the above explanation variables affect the way and logic of the development of commercial banks' intermediary business,and analyze the reasons behind the deeper level.Then,from the perspective of commercial banks and Internet financial institutions,they put forward feasible policy recommendations and encouraged commercial banks and Internet financial institutions to cooperate with each other and complement each other in order to better fulfill the mission of improving China's financial market.