An Empirical Study On The Influence Of Third-party Payment On Liquidity Of Commercial Banks In China

As China enters the "Internet+" era,Internet finance has become closely related to people’s daily lives.As a representative product of Internet finance,third-party payment is developing rapidly diversity and convenience.Among them,a third party settlement platform,such as Ali Pei,has been increasingly recognized.Although the emergence of third-party payment has made up for the shortcomings of traditional payment methods,its rapid development has also created certain challenges to the original business model and intermediary status of our country’s commercial banks.The daily operation and long-term development of banks have had a huge market impact.For better respond to these shocks,the commercial banks must analyze the impact of third-party payments from multiple aspects such as liquidity,and combine their own advantages to formulate and adopt a series of feasible measures to deal with potential risks,thereby enhancing their own market.Competitiveness.Therefore,to strengthen the liquidity management of commercial banks,it is important theoretical and practical significance to research the influence of third-party payment on the liquidity of commercial banks.Based on summarizing related theories and internal and external literature,this paper searched the panel data of 16 listed banks and implemented the analysis.On the basis of stationarity test and a co-integration test,through the PVAR model,we analyze direction and extent of the third-party payment impact on the liquidity of commercial banks.Besides,the 16 banks are selected which consists of state-owned banks and jointstock banks.The impulse response and variance decomposition methods are used to compare and analyze the influence of third-party payments on different types.The influence of banks.The empirical results are as follows:(1)The development of thirdparty payment has a negative impact on the overall liquidity of my country’s commercial banks.(2)For state-owned banks and joint-stock banks,the growth of third-party payment has a restraining effect on them,but the influence degree is significantly different,The growth of third-party payment in our country has a stronger impact on joint-stock commercial banks.(3)The influence of tripartite payment on the liquidity of state-owned commercial banks will gradually increase with the growth of the lag period,while the impact on the liquidity of joint-stock commercial banks will remain stable.on the basis of empirical analysis,it puts forward some countermeasures and suggestions for the development of China’s commercial banks.