The Impact And Regulatory Effects Of Internet Corporate Wealth Management On The Risk-taking Of Commercial Banks

In recent years,"Internet plus" has gradually penetrated into various fields.In addition to the vigorous development of China’s financial industry,Internet finance has attracted the attention of government departments,and its development planning has also risen to the national level.Since 2014,Financial innovation and new financial businesses relying on the Internet have emerged in endlessly,and the representative ones are third-party payment,Internet financing,etc.The emergence of these new businesses not only brings opportunities to China’s financial market,but also brings risks and hidden dangers.Specifically,internet enterprise wealth management competes fiercely with the deposit business of commercial banks through the development of new financial services.During this process,issues such as increased transaction costs and reduced profits in capital business have emerged,affecting the risk bearing capacity of commercial banks.Given the above background,China’s financial regulatory authorities have taken the supervision and management of internet finance enterprises as an important direction to reduce the risks faced by commercial banks.The research on internet enterprise wealth management,commercial bank risk taking,and internet finance enterprise regulation is an important topic in the context of the rapid progress of financial technology.An in-depth exploration of this topic can not only alleviate the huge impact of internet enterprise wealth management on commercial banks,but also play a positive role in assisting internet regulation.Under the above background conditions,this article,at the theoretical level,summarizes the differences and connections between internet enterprise wealth management and commercial bank wealth management by reviewing relevant literature and theoretical foundations both domestically and internationally.From the perspective of wealth management products,it analyzes the impact of internet enterprise wealth management on commercial bank risk bearing.In addition,on the timeline,we will review the regulatory policies of China’s internet finance enterprises,study their development process,summarize the characteristics of China’s regulatory agencies’ supervision of them,and analyze the stable regulatory role played by their regulatory methods in the implementation process.At the empirical level,firstly,based on data from 16 listed banks in China from 2012 to 2022,this article constructs a fixed effects model and conducts empirical research to analyze the impact of internet enterprise wealth management on commercial bank risk taking;Secondly,analyze the heterogeneity of different types of banks facing the financial impact of internet enterprises;Finally,by constructing a DID model,analyze the regulatory effect of internet finance regulation on commercial banks in the face of financial shocks from internet enterprises.The research results indicate that: firstly,the development of internet enterprise wealth management has increased the risk taking of commercial banks;Secondly,when facing the financial impact of internet enterprises,banks with different asset sizes take different measures,so their risk burden varies;Thirdly,with the introduction of regulatory policies,their regulation can suppress the aggressive strategies adopted by commercial banks when facing the financial impact of internet enterprises,reduce their risk taking,and prove the positive effect of internet financial regulatory policies.To promote healthy competition between internet enterprises and commercial banks and strengthen risk prevention in the financial system.This article proposes the following relevant suggestions from the bank and policy perspectives.At the bank level:actively develop and innovate based on its own advantages;Absorb advanced technology and face competition calmly.At the regulatory level,establish a credit reporting platform for banks and internet finance enterprises,and fully utilize information resources;Improve financial business segmentation,establish a dynamic regulatory platform for financial networks,and leverage the regulatory role of financial technology.