金融科技与影子银行业务--基于商业银行理财产品的实证检验  

Fin-Tech and Shadow Banking Business--Empirical Test Based on Wealth Management Products of Commercial

作　　者：陈业昕 吴卫星[1] CHEN Ye-xin;WU Wei-xing

机构地区：[1]对外经济贸易大学金融学院,北京200029

出　　处：《金融论坛》2023年第4期3-17,共15页Finance Forum

摘　　要：本文基于2010-2020年中国上市商业银行的微观数据,以非保本理财产品作为影子银行业务的代理变量分析金融科技发展对影子银行业务的影响。研究发现,金融科技的发展与影子银行业务具有正相关性;异质性分析发现,金融科技对不同规模银行影子银行业务的影响程度存在差异,对大型银行影响不明显,对其他银行作用明显;银行金融科技水平的提高虽然一定程度上通过影子银行业务使得表内信息的风险评价指标得到改善,却也可能增加了银行整体风险承担水平。Based on the micro-data of China's listed commercial banks during 2010-2020,this paper analyzes the im-pact of the fin-tech development on the shadow banking business by taking the non-breakeven wealth management prod-ucts as the proxy variable of shadow banking business.The research shows that the fin-tech development has a positive correlation with shadow banking activities;the heterogeneity analysis shows that the impact of fin-tech on the shadow banking business of banks with different scale varies,and is not obvious for large banks,but obvious for other banks;al-though the improvement in fin-tech level of banks has improved the risk evaluation indicators of information on the balance sheet through shadow banking business to some extent,it has also increased the overall risk taking level of banks.

关 键 词：金融科技 影子银行业务 银行风险 金融稳定 

分 类 号：F832[经济管理—金融学]