The Influence Of Fintech On Business Performance Of Commercial Banks

Comrade Xi Jinping put forward the conclusion that "economy is the body and finance is the blood." The high-speed and high-quality development of the economy depends on the high-quality support of the financial industry.As an important part of China’s financial system,the banking industry should not forget its original intention and fulfill its social responsibility of national stability,economic development and people’s happiness.Science and technology are the primary productive forces.The rapid development of science and technology has brought unprecedented tremendous momentum to commercial banks.In this process of continuous development,a virtuous circle of integration and promotion of Finance and science and technology has been formed.In the wave of financial science and technology,all commercial banks actively promote the digital transformation strategy,and the eight immortals cross the sea to show their talents.All business lines comprehensively carry out digital innovation,launch new products,bring new experiences,create a new environment,and comprehensively improve the efficiency and quality of financial services.This thesis selects 30 commercial banks in China as the research object,and takes the annual report and social responsibility report from 2017 to 2021 as the sample data source.For the five financial indicators of commercial banks,namely,the growth rate of operating income,the operating profit rate,the cost income ratio,the average return on total assets and the average return on net assets,we use Stata statistical analysis software to obtain the comprehensive performance of the bank’s operation through the factor analysis method,and take this as the explanatory variable,take the balance of green loans as the explanatory variable to reflect the development of green financial business The loan provision coverage rate is used as the explained variable to reflect the risk management level,the financial technology investment and whether to establish a technology subsidiary are used as the explanatory variables to reflect the development of science and technology,the bank asset scale,liability scale,gross national product and inflation rate are used as the control variables,and the Stata statistical analysis software is used to carry out descriptive statistics,build a multiple linear regression model and conduct regression analysis on the sample data.Through research,it is found that fintech can enhance the willingness of banks to issue green loans,and can significantly improve the risk management level of banks.For the performance of banks,different types of banks have different effects on financial technology.In addition,although the green industry is in the development stage of the industry,and the proportion of green loans from various banks is relatively small compared to the overall loan,green credit has begun to show its impact on bank risk management and business performance.