The Impact of Fintech on the Scale of Shadow Banking in China

Wang Siyu (2024) The Impact of Fintech on the Scale of Shadow Banking in China. Külkereskedelmi Kar.

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Absztrakt (kivonat)

When non-bank financial institutions operate like banks by changing the features of financial assets, such as credit, liquidity, and maturity risks, this practice is known as "shadow banking." Shadow banking in China, unlike its counterparts in industrialized nations like Europe and the United States, primarily involves commercial banks and is commonly referred to as the "shadow of banks". This is in contrast to the emphasis on asset securitisation seen in other regions. While there are distinctions between shadow banks in China and Western nations, the accumulation of possible risks to a certain degree may ultimately provoke systemic issues. The expansion of shadow banking has both advantageous and detrimental consequences, making it a "double-edged sword". The proliferation of shadow banking can meet the varied financial requirements of participants in the financial market. However, the growth in the size of shadow banking can amass financial risks and ultimately result in financial crises, which is detrimental to a country's financial stability.Financial technologyrefers to financial innovation that is driven by technology and has the potential to greatly influence financial services by introducing new business models, applications, processes,andproducts. Fintech has the potential to broaden and deepen financial services, leading to increased long-tail consumption, conversion of investments, accumulation of credit capital, expansion of tradable opportunities, and ultimately fostering the rise of the digital economy.China's current policy is to advance financial innovation, adhere to macro-prudential supervision, enhance regulatory transparency, cautiously foster fintech development, expedite the digitalization of financial institutions, and address the risks associated with shadow banking.This thesis begins by examining the correlation between fintech development and shadow banking. It initially provides clear definitions of shadow banking, shadow banking risk, and fintech. It then reviews the research findings from both China and the Western countries in these areas. Additionally, it outlines the distinctive features of shadow banking and fintech development in China and analyzes the mechanism through which fintech influences shadow banking. This thesisfocuses on studying the relationship between fintech and the change in the scale of shadow banking in commercial banks across 31 provinces in China from 2013 to 2020. The research incorporates fintech inputs into a model to analyze the impact of fintech on change of shadow banking. This study aims to address the following inquiries: Does fintech contribute to the expansion of shadow banks? What are the ways via which fintech influences the magnitude of shadow banks?What forms of variation are present in the influence of fintech on the scale of shadow banking across various regions? The answers to these questions will not only offer a theoretical foundation and empirical evidence for shadow banks and relevant government agencies to develop and enhance fintech strategies, but also hold significant importance in leveraging the enabling potential of fintech and reducing the efficiency gap between shadow banks and the regional economy's fintech-driven development.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Gazdaságtan Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi gazdaság és gazdálkodás (angol)

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	banking, China, e-banking, fintech, Shandow banking
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2024. Szep. 26. 08:01
Utolsó módosítás:	2024. Szep. 26. 08:01

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