Study On The Influence Of Green Finance On The High Quality Economic Development Of Shaanxi Province

Since the reform and opening up,China has created a miracle of economic development,and the quality of people’s life has been greatly improved.However,many resources and environmental problems caused by the traditional economic development mode are becoming more and more serious.In order to restrain the blind growth of high energy consumption and high pollution industries,China has introduced the green finance policy.In response,shaanxi Provincial government has formulated many policies for green finance development in Shaanxi province to support the development of green industry and vigorously transform the economic development mode of shaanxi Province.Commercial banks have also actively participated in providing financial support for green industry.The 19 th National Congress of the Communist Party of China pointed out that the current economy has entered the stage of high-quality development,but at present shaanxi still relies on the secondary industry as the pillar,and the enterprises with high energy consumption and high pollution cannot be transformed quickly,which is not conducive to achieving the goal of high-quality economic development.Therefore,it is of great significance to study whether the implementation of green finance policy is conducive to high-quality economic development and how to influence all aspects of high-quality economic development,for promoting the better economic development of Shaanxi Province.In this context,the paper firstly reviews the domestic and foreign literature on the connotation and measurement of green finance and high-quality economic development as well as their theoretical basis,and analyzes the influence mechanism of green finance on high-quality economic development from five aspects: capital formation,capital orientation,industrial integration,risk dispersion and technological innovation.Secondly,shaanxi Province is taken as the research object,and green finance index evaluation system is constructed from five aspects of green investment,green credit,green securities,green insurance and carbon finance,and high-quality economic development is constructed from five aspects of efficient,innovative,green,coordinated and stable economic development.Based on the relevant data from 2010 to 2020,the comprehensive index of green finance and high-quality economic development is calculated using entropy method,and the green finance and high-quality development of Shaanxi province is evaluated.The last two methods using multiple regression and grey correlation empirical green financial quality and economic development in shaanxi province are analyzed,the influence of the main conclusion is significantly high quality finance for green economy development,the green financial coordination development level in the development of the economy of shaanxi province high quality of highest correlation,followed by stable,green,innovation level,The correlation degree with high efficiency level is lowest.Based on this,countermeasures and suggestions for green finance to better promote the high-quality economic development of Shaanxi province are provided from four aspects,including improving laws,regulations and policy system,optimizing the development mechanism of green finance,increasing the innovation of green finance system and improving the awareness of green development of the whole society.