银行金融科技与同业业务:助力还是阻力  

Does Bank Fintech Boost or Constrain Interbank Business?

作　　者：宋清华[1] 郑建峡 朱晓龙 SONG Qinghua;ZHENG Jianxia;ZHU Xiaolong(Zhongnan University of Economics and Law,430073;Guizhou University of Finance and Economics,550025)

机构地区：[1]中南财经政法大学金融学院,430073 [2]贵州财经大学大数据应用与经济学院,550025

出　　处：《财贸经济》2024年第2期38-54,共17页Finance & Trade Economics

基　　金：教育部新文科研究与改革实践项目“面向数字经济的金融学类专业复合型人才培养创新与实践”(2021100064);中南财经政法大学中央高校基本科研业务费专项研究生科研创新平台项目“金融科技背景下商业银行同业杠杆与风险承担研究”(202310572)。

摘　　要：本文对中国108家银行2007一2021年的年报进行Python文本分析,研究了银行金融科技对同业业务的影响。结果表明,银行金融科技显著约束了同业业务规模,主要通过“缓解融资约束”和“扩张贷款规模”渠道来实现。然而,在货币政策宽松的情况下,银行金融科技对同业业务规模的约束效应减弱。在微观银行特征异质性检验中,大型、高资产规模、高资本充足率、低风险和东部地区的银行更易于开展同业业务,这会进一步削弱银行金融科技对同业业务的约束效应。此外,2018年发布的“资管新规”起到了积极作用,银行金融科技对同业业务的约束作用卓有成效。本文丰富了银行金融科技在经济后果方面的研究,并为加强对银行同业业务的监管、推进金融高质量发展提供了新的思路。Interbank operations often lead to the virtualization of funds within the banking system,which manifests itself in the internal circulation of financial resources.Ultimately,it greatly impedes the efficient allocation of resources.The primary cause of this shadow banking-style interbank financing demand lies in spontaneous market behavior under financing constraints.Therefore,the fundamental solution lies in promoting market-oriented measures to facilitate financing channels.While the""visible hand"of the government plays a role,the""invisible hand"of market-oriented measures is equally important.The People's Bank of China is actively tackling the challenges of financial exclusion and financing constraints by emphasizing the continuous strengthening of long-term mechanisms,including fintech,to encourage lending.In fact,the development of bank fintech by banks is an effective market-oriented solution to alleviate financing constraints.This paper focuses on studying how bank fintech affects interbank business.Specifically,starting from the perspective of the banking sector and regulatory constraints,we incorporated interbank business,traditional deposit and loan business,and fintech-supported deposit and loan business into the model.Then we derived and analyzed the impact of bank fintech development on the probability of interbank business transformation,aiming to discuss the impact of bank fintech on interbank business.Empirically,we conducted Python text analysis on the annual reports of 108 banks in China from 2007 to 2021,and investigated the impact of bank fintech on the interbank business.The results reveal that bank fintech significantly constrains the scale of interbank business,primarily through"alleviating financing constraints"and"expanding loan size".However,in the context of an easy monetary policy,the constraint effects of bank fintech on interbank business weakened.In the micro-bank characteristic heterogeneity test,banks of a large scale,with a large asset scale,a high capital adequacy ratio,low ris

关 键 词：银行金融科技 同业业务 融资约束 “资管新规” 

分 类 号：F832.2[经济管理—金融学] F832.5