TITLE:
An Empirical Study about the Effect Which “Bao Bao” Internet Monetary Funds Make on Deposits in Chinese Commercial Banks
AUTHORS:
Jinjin Gong, Xiaofen Ye, Zhilong Liang
KEYWORDS:
“Bao Bao” Internet Monetary Funds, Deposits of Chinese Commercial Banks, Empirical Study
JOURNAL NAME:
American Journal of Industrial and Business Management,
Vol.6 No.9,
September
28,
2016
ABSTRACT: This
paper chooses 14 listed banks in China June 2013 to March 2016 quarter data as
sample, exploding the effect of “Bao bao” Internet monetary funds on deposits
in commercial banks based on the econometric model. The empirical results show
that “Bao bao” Internet monetary funds have not been diverted the deposits
balance of commercial banks, but it increases the cost of deposits of
commercial banks, and brings a certain amount of pressure on interest payments
of Chinese commercial banks.