Research on the influence of China Nets Union Clearing Corporation on third-party non-interest payment business
- 10.2991/icfied-19.2019.29How to use a DOI?
- China Nets Union Clearing Corporation; non-interest income; coping strategies; development ideas.
Since the People's Bank of China advocated the implementation of the China Nets Union Clearing Corporation Platform, third-party payment institutions began to transform their business and developed non-interest business. Based on the data of 14 months of iResearch, this paper studies the factors of the non-interest business of third-party payment institutions through fixed effect panel regression, and concludes that the influence of China Nets Union Clearing Corporation on the business of third-party payment institutions is positive spillover effect. The impact on smaller third-party payment institutions is more significant. According to this conclusion, the paper puts forward the coping strategies and development ideas of third-party payment institutions.
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Yuguo Yang PY - 2019/02 DA - 2019/02 TI - Research on the influence of China Nets Union Clearing Corporation on third-party non-interest payment business BT - Proceedings of the 2019 4th International Conference on Financial Innovation and Economic Development (ICFIED 2019) PB - Atlantis Press SP - 151 EP - 163 SN - 2352-5428 UR - https://doi.org/10.2991/icfied-19.2019.29 DO - 10.2991/icfied-19.2019.29 ID - Yang2019/02 ER -