Research On The Mechanism Of Fintech Innovation Influencing The Development Performance Of Green Finance

In recent years,changes in information technology have led to the rapid development of new technologies such as artificial intelligence,blockchain and big data,and fintech has shown a good momentum of development in this context.At the same time,with the characteristics of precision,intelligence and efficiency,fintech has played a role in promoting the development of China’s green finance industry.Therefore,it is of great theoretical and practical significance to study the mechanism of the influence of fintech innovation on the development of green finance,which is helpful for China to effectively borrow the power of fintech,expand the development scale of green finance and optimize the development structure of green finance.Based on the review of relevant literatures and theories at home and abroad,this paper firstly defines the connotation of fintech and green finance.Secondly,by analyzing the development status of fintech and green finance,the index evaluation system of fintech and green finance is constructed and its development is measured.Then,with green finance index as the explained variable,fintech index as the core explanatory variable,and economic development level,financial industry development,residents’ financial literacy,environmental pollution and government intervention as control variables,panel regression model is selected to study the impact of fintech on green finance in various provinces and cities.The effects of explanatory variables and control variables on the development of green finance are decomposed.Finally,quantile regression,heterogeneity analysis,spatial panel regression and other methods are used to further study the mechanism of fintech’s impact on green finance development performance,The specific conclusions are as follows:Fintech innovation can play a good role in promoting the development level of green finance in a province,which is more obvious in areas with better green finance development.Provinces with poor fintech level should pay more attention to the coordinated development of fintech and green finance.The development of fintech can not only promote the development level of green finance in this province,but also has a positive spatial spillover effect on the surrounding provinces.