Research On The Influence Of Financial Technology Development On The Risk-taking Level Of Commercial Banks

Commercial banks are an important part of the financial system.In the context of the slowing economic growth and high attention to systemic financial risk,it is necessary to conduct further study on the level of risk bearing.Financial technology has been developing in full swing in recent years.Therefore,it is of profound significance to explore the influence degree of financial technology on the risk bearing level of commercial banks and the transmission logic for slowing down the financial risks of commercial banks and winning the battle to prevent and defuse financial risks.Based on financial innovation theory,principal-agent theory and information asymmetry theory,this thesis combs out the logical mechanism of financial technology affecting the active and passive risk-taking level of commercial banks.Financial technology forces commercial banks to carry out digital transformation,innovate banking business,improve operational efficiency and achieve greater profits through technology enabling effect,effectively inhibit banks from actively providing risk capital to maintain higher returns and reduce the level of active risk taking.In addition,by exerting the information improvement effect,financial technology fundamentally alleviates the information asymmetry of bank-enterprise lending,reduces the credit default probability of debtors,and finally relieves the passive risk level of commercial banks.The development of financial technology and the description of commercial banks’risk bearing level are the basis of the research topic.On the one hand,Chinese financial technology is in the stage of blowout development,involving basic technology.payment and settlement.online lending and intelligent services.On the other hand,based on the risk-weighted assets ratio and non-performing loan ratio of commercial banks,the active and passive risk-taking levels are measured respectively.It is found that both of them have a certain degree of instability in recent years,which is not conducive to preventing financial risks in China.Therefore,it is necessary to reasonably control the risk-taking level of commercial banks with the help of the enabling effect of financial technology.Further,in order to describe the influence degree and mechanism of financial technology development on the level of active and passive risk taking of commercial banks,401 Chinese commercial banks from 2011 to 2020 were selected as samples for empirical test and found that:(1)Financial technology development can significantly reduce the two levels of risk taking of commercial banks;(2)The profitability of commercial banks plays an intermediary role in the influence chain.By enhancing the profitability of banks,financial technology not only weakens the profit motive of banks,slows down the level of active risk taking,but also helps banks have more funds to allocate to the field of loan risk identification,thus reducing the level of passive risk taking.(3)For commercial banks with different types and asset sizes,there is heterogeneity in the effects of financial technology development on the two levels of risk-taking.Finally,based on the empirical results,the thesis puts forward targeted policy suggestions from three aspects:commercial banks,regulatory agencies and financial technology enterprises.The expected marginal contribution of this thesis is as follows:from the perspective of research,it tries to carry out logical analysis and empirical test from the two perspectives of the influence of financial technology development on commercial banks’ active and passive risk-taking level.At the level of research content,the internal mechanism of the influence of financial technology development on the two levels of risk taking of commercial banks is deeply analyzed,and bank profitability is introduced as an intermediary variable,so as to depict the relationship between the two more comprehensively.