Green Finance Reform And Innovation And High Quality Development Of Regional Economy

The report to the 19 th National Congress shows that socialism with Chinese characteristics has entered a new stage of development,charting a new course for China’s development.At present,our country is in the stage gradually from high speed growth to high quality development.Green development has become a necessary condition for today’s social development,among which green finance is regarded as the main source of funds to realize green development.It will lead social capital to invest in the green ecological field of sustainable development,so as to achieve high-quality economic development.Therefore,vigorously supporting the development of green finance and promoting the coordinated progress of economic development and environmental protection can effectively promote high-quality economic development.The report to the 19 th National Congress shows that socialism with Chinese characteristics has entered a new stage of development,charting a new course for China’s development.At present,our country is in the stage gradually from high speed growth to high quality development.Green development has become a necessary condition for today’s social development,among which green finance is regarded as the main source of funds to realize green development.It will lead social capital to invest in the green ecological field of sustainable development,so as to achieve high-quality economic development.Therefore,vigorously supporting the development of green finance and promoting the coordinated progress of economic development and environmental protection can effectively promote high-quality economic development.This paper aims to explore the correlation between green finance and high-quality economic development,clarify the research background and significance of this paper,and find a new research perspective by combing through a large number of relevant literature.In addition,this paper will also introduce the research content,research methods and innovation points.At the same time,this paper will provide theoretical support for the following index system construction and variable index selection.After years of practice,based on the pilot policy of green finance reform and innovation pilot zone launched in 2017,combined with the panel data analysis of 30 provinces and cities except Xizang from 2014 to 2020,this paper uses DID model to carry out empirical research,and discusses the effect of the pilot policy of green finance reform and innovation on high-quality economic development.The research conclusion shows that the introduction of pilot policies in the green finance reform and innovation pilot zone can effectively promote high-quality economic development in the pilot areas,which has been confirmed by multiple identification tests and robustness tests.In addition,the heterogeneity test also shows that pilot policies of green finance reform and innovation pilot zones have significant differences in promoting high-quality economic development of provinces and cities in different geographical regions and provinces and cities with different levels of financial industry development.Among them,the eastern provinces and cities and provinces with developed financial industry play a more prominent role in promoting.The conclusion of the study provides us with important enlightenment,which can help us improve the financial system,promote the ecological transformation of the regional industrial structure,so as to promote the high-quality development of local economy.Finally,based on the results of the empirical study,the paper puts forward relevant policy suggestions for green finance reform and innovation and high-quality economic development.