The Impact of Internet Finance on the Systemic Risk of China’s Listed Commercial Banks

Abstract

To explore the impact of Internet Finance on the systemic risk of listed commercial banks and maintain the stable development of the macro-financial market, this paper analysis the theoretical mechanism of Internet Finance and systemic risk of commercial banks and selects 16 listed commercial banks in China β. The results show that the development of Internet finance has a significant role in promoting the systemic risk of commercial banks. Users' stickiness to Internet finance will aggravate the emergence of systemic risk of commercial banks. This enlightens commercial banks to innovate in business philosophy and business management to effectively reduce risks.