数字金融对我国商业银行中间业务收入的影响

The Influence of Digital Finance on the Intermediary Business Income of Commercial Banks in China

摘要: 全球经济和金融市场经历了创新与技术的快速增长，改变了金融服务和产品，不仅对银行传统资产负债业务造成威胁，同时也影响到了中间业务。本文利用2011年至2020年我国84家商业银行财务数据及银行所属地区的数字金融加权指标，构建了数字金融对银行中间业务收入影响模型，同时对银行的类型、区域进行异质性检验。研究得到以下结论：1) 整体来说，商业银行的中间业务收入会随数字金融发展而显著降低。2) 不同性质和地域的商业银行所受数字金融影响程度各异。具体地，从银行性质角度，上市银行中间业务受到的冲击不显著，非上市银行受数字金融发展的负向影响显著；从地域角度，东部地区银行受影响显著而中西部地区银行受影响不显著。

Abstract: The global economy and financial markets have experienced rapid growth in innovation and tech-nology, which has changed financial services and products, posing a threat not only to banks’ traditional asset and liability businesses, but also to intermediary businesses. Based on the financial data of 84 commercial banks in China from 2011 to 2020 and the weighted digital financial indicators of the regions where the banks are located, this paper constructs a model of the impact of digital finance on the intermediary business income of the banks, and tests the heterogeneity of the types and regions of the banks. The conclusions are as follows: 1) overall, the revenue from intermediary business of commercial banks will decrease significantly with the development of digital finance. 2) Commercial banks of different nature and regions are affected by digital finance to varying degrees. Specifically, from the perspective of banking nature, the impact on the intermediary business of listed banks is not significant, while the negative impact on the development of digital finance of unlisted banks is significant; geographically, banks in the eastern region were significantly affected, while banks in the central and western regions were not significantly affected.