金融学院知识库

近年来，我国利率市场化的持续深化，用户消费习惯的改变以及金融科技的蓬勃发展，对商业银行的传统盈利模式产生了冲击。同时，经济快速发展引致居民财富积累增速及富有阶层群体的壮大，为财富管理业务的发展提供了强有力的客户支撑基础。因此，深耕财富管理业务并借助金融科技赋能成为商业银行战略转型的重要拓展方向。在此背景下，本文收集了2012年-2020年我国40家上市商业银行作为样本数据来探究金融科技对商业银行财富管理业务绩效的影响及作用机理。

首先，本文以梳理的国内外对金融科技、财富管理以及金融科技对财富管理业务影响的研究现状作为理论分析依据，明确金融科技对商业银行财富管理业务绩效的影响方向如何、作用的可能路径是什么以及不同类型商业银行财富管理业务受金融科技的影响是否存在差异，并在此基础上提出研究假设。其次，以银行业金融科技发展指数来代表金融科技的发展水平作为解释变量，以总资产加权的手续费及佣金收入作为被解释变量，技术进步为中介变量，构建模型进行实证分析。得出以下结论：一是金融科技的发展对商业银行财富管理业务绩效具有正向促进作用。相较于城商行和农商行，金融科技对国有银行和股份制银行的财富管理业务绩效的促进作用更强。二是整体来看，技术进步在金融科技影响商业银行财富管理业务过程中具有显著的中介效应，但具有异质性。对于国有银行和股份制银行而言，技术进步的中介效应显著，而在城商行和农商行中，虽然技术进步的中介效应不显著,但是金融科技的发展提升了其科技服务水平。最后，针对本文研究结果提出了以下建议：一是加大金融科技资金投入，优化财富管理业务流程，提高运营效率；二是加强金融科技人才建设，提升科技水平；三是利用金融科技搭建生态化财富管理服务平台，延伸财富管理价值链。

In recent years, with the continuous deepening of interest rate liberalization, the change of user consumption habits and the vigorous development of FinTech had an impact on the traditional profit model of commercial banks. Meanwhile, the rapid economic development has led to the growth of resident's wealth accumulation and the expansion of wealthy groups, which has provided a strong customer base support for the development of wealth management business. Therefore, the in-depth development of wealth management business and using FinTech to empower has become an important support for the strategic transformation of commercial banks. In this context, this paper collected 40 Chinese listed commercial banks form 2012 to 2020 as sample data for empirical research to explore the impact of FinTech on commercial banks' wealth management business performance and mechanism.

Firstly, based on the research status of FinTech, wealth management and FinTech's impact on wealth management performance, this paper wants to make clear the direction and possible path of FinTech's impact on the wealth management performance and whether there are differences in the impact of FinTech on different types of commercial banks, and then proposes research hypothesis on this basis. Secondly, the development level of FinTech represented by the FinTech development index of the banking industry was taken as the explanatory variable, the fee and commission income weighted by total assets as the explained variable, technological progress as the intermediary variable to construct the model for empirical analysis. The following conclusions are drawn: One is that the development of FinTech has a positive effect on the performance of commercial banks' wealth management business performance. Compared with urban commercial banks and rural commercial banks, FinTech plays a stronger role in promoting the performance of wealth management business in state-owned banks and joint-stock banks. Two is that, on the whole, technological progress has a significant intermediary effect in the process of financial technology affecting commercial banks' wealth management business, but it is heterogeneous. For state -owned banks and joint -stock banks, the intermediary effects of technological progress are significant. Among the city commercial banks and rural commercial banks, although the intermediary effects of technological progress are not significant, the development of fintech has improved its own scientific and technological services. Finally, the following suggestions were put forward on the results of this article: First, increase investment in fintech funds, optimize wealth management business processes, and improve operating efficiency; Second, strengthen the construction of fintech talents and improve science and technology; Third, use FinTech to create ecological wealth management service platform, extending the value chain of wealth management.