| China’s economy is already the second largest in the world,but the extensive economic growth in the past has had a serious negative impact on resource consumption and the ecological environment.The proposal of carbon peak and carbon neutrality target makes the green transformation of China’s economy have a top-level design at the target level.Green industry has remarkable environmental friendly characteristics,which is in line with the current trend of high-quality economic development.The concept of green development has gradually become a general consensus of all sectors of society.The real economy is the body,and finance is the blood.As the blood industry of the national economy,the financial industry plays an important role in promoting the transformation of the low-carbon economy.Green industry is a collection of emerging industries with high technology level of positive environmental externalities.It can take into account the requirements of economic development and environmental protection,and is the internal need to achieve high-quality development.As the economic structure turns to green,low-carbon and circular development,the green finance field serving the green economy has gradually become the focus of people’s attention,and the research on the development level of green finance is also increasing.Compared with developed countries in Europe and the United States,China’s green finance business developed late and developed relevant green finance policies and green finance services only after 2007.However,with the increasingly severe environmental problems facing China and the accelerating urgency of green industrial transformation,China’s green financial industry is also developing rapidly.By the end of2020,China’s green credit surplus and green bond stock has ranked first and second in the world.The construction of a modern economic system in the new era is inseparable from ecological construction and the development of green industry.Therefore,it can be predicted that China’s green finance business has a huge space for development,and the support for the green industry will be further enhanced.Theoretically speaking,green finance supports the development of green industry through savings transformation,fund guidance,information transmission,risk management and other ways.In fact,the development level of regional green financial services is also closely related to the development of green industry.China’s economic development has a serious imbalance,and the development of green economy and green industry is bound to rely on the original financial industry and real industry foundation,so there will also be a more obvious gap in regional development.At the same time,because green industry is the opposite of traditional high pollution industry,the strong economic wealth accumulated relying on high pollution may not have advantages in the era of green economy,so the development of green finance and green industry is not completely consistent with the previous economic pattern.This paper studies the development level of green financial services and green industry in China between different regions,and clarifies the specific impact of green financial services on the development of green industry.The main contents are as follows:First,this paper draws on a large number of previous research results,defines the concept of green financial activities and green industry,sorts out the relationship between the two,and introduces the theoretical basis and action mechanism of the development of green finance affecting the optimization of green industrial structure.Second,this paper analyzes the development status of green finance and green industry in China,and according to the principle of scientific and systematic requirements,build the comprehensive evaluation of green financial services and green industry index system,and using entropy method and main component analysis respectively measured the2011-2019 regional green financial development level and green industry development level.Third,this paper selects a spatial metrology model for empirical analysis.The independent variable of this paper is the development level of green finance of provincial units,and the dependent variable is the level of green industry of provincial units,and the development level of the tertiary industry,the level of government financial expenditure,the level of regional urbanization,and the discharge level of three waste materials（waste water,waste gas and waste）are selected as the control variables.Based on the empirical analysis,the spatial effect of the influence of the regional green finance development on the green industry is further discussed,and the corresponding policy enlightenment is put forward.The main conclusions of this paper are as follows: First,the development level of green finance and green industry in China generally showed an upward trend in the research year.From the perspective of the four regions,they all showed the sequential ranking of east> West> central> Northeast China.Second,as can be seen from the Moran index,there is an obvious spatial dependence on regional green finance development and green industry development in China,and with the increase of years,more and more provinces appear high high agglomeration and low low agglomeration.Third,through the construction of three spatial measurement models,it can be seen that the improvement of the development level of green finance in provincial units has a significant effect on promoting the development of green industry in this region.The higher the proportion of the tertiary industry,the lower the level of urbanization,and the lower the emission level of the three wastes,the better the positive effect on the regional green industry.Fourth,the development of green finance in provincial units also has a significant positive spatial spillover effect on the green industries in the nearby provinces,that is,the improvement of the development level of provincial green finance can significantly promote the green industries in the surrounding provinces.Fifth,on the basis of the empirical analysis of the model,this paper puts forward the following targeted suggestions: build a green financial system with regional characteristics,innovate green financial products,give full play to the role of the government,strengthen the supporting factors of green industry,and weaken the inhibitory factors of green industry. |
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