Analysis Of The Effects Of Green Bonds Issued By City Commercial Banks

In recent years,in order to encourage financial institutions to comprehensively help China ’s economic structure upgrade and transformation,support the transformation of the country ’s economic operation mode to economic greening,and urge high-polluting enterprises to greening,China conforms to the national conditions and establishes a green bond market,allowing compliance enterprises and financial institutions to support the development of the national green economy by issuing green bonds.However,the industrial structure throughout the country has regional characteristics.In order to solve the problem of insufficient support of large financial institutions for the green development of local industrial economy,China piloted the issuance of green bonds in urban commercial banks in some regions in 16 years to encourage other urban commercial banks to follow suit and support the green development of local economy.Based on this,the major city commercial banks are actively applying.As a city commercial bank with great influence in Jiangsu Province and even the whole country,Jiangsu Bank issued its first green debt in 19 years,raising 10 billion and supporting the green development of regional economy.Based on the case analysis method,this paper discusses the impact of the issuance of green bonds by Jiangsu Bank.Firstly,this paper summarizes the relevant literature on green debt,the historical opportunities and corresponding problems of green debt issuance by urban commercial banks,and analyzes the impact of green debt issuance on the performance of urban commercial banks.Furthermore,taking the city commercial bank-Jiangsu Bank,the first city commercial bank to join the Equator Bank in China,as an example,this paper introduces its basic situation,the issuance of green bonds and the issuance motivation.Finally,from the three dimensions of stock price effect,financial effect and social effect,this paper explores the effect of Jiangsu bank issuing green bonds through financial indicators and related data,and draws relevant conclusions.Based on the case study of Jiangsu Bank issuing green bonds,this paper draws relevant conclusions:(1)Jiangsu Bank has enriched the financing channels to a large extent through the issuance of green bonds.In addition,the cost of issuing green bonds compared to the same period of ordinary bonds,with lower financing costs,not only enhance its profitability,more importantly,to create a new business growth point;(2)Bank of Jiangsu has assumed the corresponding social responsibility by issuing green bonds,which can produce a positive stock price effect based on the recognition of the market and investors;(3)The issuance of green bonds can produce positive financial effects,which can alleviate the negative impact of epidemic factors and effectively enhance the competitiveness of Jiangsu Bank while improving the operational capacity,profitability and growth capacity of Jiangsu Bank;(4)The issuance of green bonds can have a huge social effect,which is not only beneficial for urban commercial banks to assume social responsibility,but also conducive to environmental protection.Based on the research and analysis,this paper puts forward the corresponding conclusions and enlightenment from the perspectives of policy,city commercial banks and enterprises.