Descriptive statistics.

This study investigates the impact of digital transformation on the liquidity creation among banks in China, focusing on 127 commercial banks from 2010 to 2021. The research is driven by the observed decline in the real economy function of China’s financial services in recent years. To analyze this trend, the study employs a panel fixed effect model and an intermediary effect test model. The findings indicate that the implementation of digital transformation in the banking sector resulted in a significant enhancement in liquidity generation. The intermediary transmission pathways through which digital transformation influences liquidity creation include optimization of loan loss provision, enhancement of risk tolerance, and mitigating financial disintermediation. Furthermore, the research indicates that the relationship between digital transformation and liquidity generation varies across banks operating in different contexts.

本研究以2010至2021年间的127家商业银行为研究样本，探讨数字化转型对中国商业银行流动性创造（liquidity creation）的影响。本研究的选题动因源于近年来中国金融服务实体经济功能出现弱化的现实观察。为剖析这一趋势，本研究采用面板固定效应模型与中介效应检验模型开展实证分析。研究结果表明，银行业推进数字化转型可显著提升流动性创造水平。数字化转型影响流动性创造的中介传导路径包括优化贷款损失准备、提升风险承担能力以及缓解金融脱媒现象。此外，研究发现数字化转型与流动性创造之间的关联会因银行所处经营环境的异质性而存在差异。