Abstract: The paper constructs a theoretical model of loan pricing, utilizes a dataset of 244 small and medium-sized banks spanning from 2012 to 2021 and employs a multi-period DID model for empirical analysis to thoroughly explore the impact of strategic cooperation between small and medium-sized banks and technology companies on loan prices. The findings indicate that strategic cooperation between small and medium-sized banks and technology companies leads to lower loan prices through the reduction of loan default rates, operating costs, and capital acquisition costs, thereby alleviating the problem of high financing costs. Notably, medium-sized banks and banks located in the central and western regions exhibit more significant loan price reductions following such strategic cooperation. Furthermore, the enhancement of financial regulations contributes to strengthening the mitigating effect of strategic cooperation on alleviating high financing costs. Extensive discussions suggest that not only does strategic cooperation mitigate the challenge of high financing costs in areas with scarce formal credit resources, but it also contributes to enhancing the profitability of these banks, thus achieving a symbiotic relationship between inclusive and profit-oriented goals. Therefore, to facilitate high-quality development of inclusive finance, it is imperative for small and medium-sized banks to establish long-term and stable cooperative relationships with technology companies and enhance their loan pricing capabilities through the utilization of financial technology. Additionally, financial regulators should establish a regulatory environment that is conducive to improving the inclusive financial service capabilities of small and medium-sized banks.

摘要： 构建贷款定价理论模型，以2012—2021年244家中小银行为样本，使用多期DID模型进行实证分析，充分探讨中小银行与科技公司战略合作对贷款价格的影响。研究表明：中小银行与科技公司战略合作可通过降低贷款违约率、运营成本和资金获取成本的路径降低贷款价格，缓解了“融资贵”难题。异质性分析发现，中型银行和位于中西部地区的银行与科技公司战略合作，贷款价格的下降幅度更明显；金融监管趋严可增强战略合作对“融资贵”难题的缓解作用。进一步讨论发现，战略合作不仅能改善正规信贷资源稀缺地区的“融资贵”境况，还有助于提升中小银行的盈利能力，实现普惠目标与盈利目标相互促进。据此，提出中小银行有必要与科技公司建立长期稳定的合作关系并利用金融科技优化贷款定价能力、金融监管部门应营造有助于提升中小银行普惠金融服务能力的监管环境等助力普惠金融高质量发展的建议。