Study on the impact of Internet Finance on Commercial Banks in China

The development of Internet Finance is not only a challenge, but also an opportunity for traditional commercial banks, especially for the joint-stock commercial banks that owns a large share in China. Under the situation of Internet Finance development in China, this paper analyzed detailed the influence of internet finance on the tradition commercial banks by normal and empirical methods. The results show that impact of internet finance on the banks via its asset business, liability business and intermediary business, which will lead to the trend of financial disintermediation and finally threaten the operating performance, business model of commercial bank. We suggest that the commercial banks should change the mode of traditional operation and put forward more financial products using Fintech in the "Internet + Finance" era.