The Impact Of Population Aging On Commercial Banking Business

In the last century,the problem of aging broke out in the world with an unstoppable trend,and in recent years,the aging degree of China’s population has also deepened,which has had a great impact on the economy and society.Compared with developed countries,the trend of China’s population aging shows the characteristics of the absolute number of elderly population,the rapid development of aging,the imbalance of regional development,the serious problem of "getting old before getting rich",and the trend of aging.Commercial banks are the main body of the money market,one of the most important financial institutions in the financial market,occupying a key position in the entire financial system,and their various businesses will naturally be affected by the aging trend.The impact of population aging on the macroeconomy changes the external environment in which commercial banks are located,and at the same time affects the overall savings rate of the society and then affects the deposit business of commercial banks.In addition,changes in the age structure of users will also directly threaten the development of various business of banks.Aging will stimulate new pension demands,and the domestic pension security system at this stage is still perfect,such as large pension gap,difficult pension allocation,insufficient implementation of company annuity,weak security capacity,etc.In this case,the state has successively introduced relevant policies to focus on supporting the financial support for the pension industry and promoting the rise of the "third pillar" pension finance.At present,the pension financial business of China’s commercial banks is still in the initial stage of development,and there are still many problems.Current research on this has largely focused only on descriptive analysis and rarely builds empirical models.This paper selects the panel data of 15 listed commercial banks from 2008 to 2021 to construct an empirical model for testing,discusses the mechanism of aging on bank deposits,loans and intermediate business,and concludes the following:(1)from the perspective of deposit business,population aging has a restraining effect on the growth rate of bank deposits;(2)from the perspective of loan business,the intensification of population aging trend also has a restraining effect on the increase of commercial bank loan business;(3)The deepening of aging has a positive effect on banks’ intermediary business.Based on the research results,this paper puts forward suggestions from the perspective of commercial banks to enrich pension financial products,build a financial product portfolio for elderly customers,innovate personal pension credit products,and build characteristic outlets for elderly customers,which will help commercial banks turn the impact they face into opportunities,improve their profitability and achieve sustainable development.