Research On The Impact Of Third-Party Payment On The Liquidity Creation Of Commercial Banks

In recent years,with the rapid development of high-tech communication technologies such as the Internet and big data,the penetration rate of the Internet has become higher and higher,the development of the Internet industry is changing with each passing day,and the fit between the Internet and finance has deepened.The status of Internet finance in my country’s financial market increasingly important.Among them,the representative industry of Internet finance is the third-party payment industry.The third-party payment has caused a certain impact on the bank’s asset-liability items and off-balance-sheet items by virtue of its safe and convenient payment environment.At the same time,as an important financial institution in my country,the supply of liquidity to the society is one of its most basic functions.The liquidity creation of the bank brings financing convenience for various economic activities in the society and accelerates the transactions between different economies.The frequency has made an important contribution to ensuring the high-quality development of my country’s economy.Therefore,it is particularly important to study the impact of third-party payment on the liquidity creation of my country’s banks.This paper first introduces the research background and research significance,and then sorts out the relevant literature on third-party payment and commercial bank liquidity creation at home and abroad.Then,the concept and related theories of third-party payment and commercial bank liquidity creation are briefly introduced,and the mechanism principle of third-party payment affecting bank liquidity creation is analyzed in detail,and corresponding research assumptions are made.Then analyze the development status of my country’s third-party payment and bank liquidity creation,and finally conduct empirical research based on the relevant data of my country’s third-party payment and commercial bank liquidity creation from 2010 to2020.The ratio of total bank assets is the explained variable,and the growth rate of third-party payment transactions is the explanatory variable.The natural logarithm of the total bank assets,the non-performing loan ratio and other bank characteristic variables,and the macroeconomic characteristic variables such as the growth rate of the broad money supply are added.In order to control the variables,a fixed-effect panel data model is established for regression estimation,and then the robustness test of the model is carried out to obtain relatively accurate and stable empirical results,and corresponding policy suggestions are put forward according to the results of the empirical research.The empirical research results show that: in general,third-party payment reduces the bank’s unit asset liquidity creation.Then,the bank sample is divided into large state-owned banks,joint-stock banks and city commercial banks for group empirical research.The study found that the third-party payment has no significant impact on my country’s large state-owned banks,but has a significant impact on my country’s joint-stock banks and city commercial banks.The development of third-party payment limits my country’s joint-stock banks and city commercial banks to create liquidity.