The Influence of Covid-19 on the Development of Financial Industry Based on Statistic Analysis

Abstract

This paper investigated the impact of the COVID-19 on the Chinese financial industry, which has not been thoroughly researched. This paper analyzed data from three main specific departments in the financial industry, including banking, insurance, and securities. At the same time, some comparisons between the situations before and after the outbreak of the pandemic are shown to give a general understanding of what exactly happened as evidence to support this study. However, after studying these data, although it was found that the situation in China and the world is basically the same, the difference still exists in some internal forms, just like for the banking industry, the general situation of the whole industry keeps in a good trend. Still, now consumers commonly decide to use online banks due to the pandemic. It is predicted that the most situations which are happening now will be kept for many years by changing people's opinions. In application, this is a study focused on the impact on our daily lives, and it is a reference to those investors and researchers on financial analysis.