The Study Of China′s Banks To Implement Green Credit Policy

With the development of society and the concept of sustainable development was proposed, governments and citizens in the world increasingly concerned about the environment issues. we can not pursuit economic growth at the cost of sacrificing resources and environment ,but should use resources and environment effectively in order to build a green earth. However, the concept of environmental protection can not be accepted by citizens in the short term. In order to make every citizen and company protect the environment consciously, which requires the guidance of government policy. Compared with the traditional administrative measures, our government now take more attention on environmental protection with economic means, which means environmental and economic policies. The financial industry is the core of our society, which control the capital chain of the social production. Therefore, green finance is a very important aspect of environmental economic policy. This paper focuses on one part of green finance-green credit. Green credit implemented only a few years in our country. The State Environmental Protection Administration, People′s Bank of China, China Banking Regulatory Commission issued a document"on the implementation of environmental policies and regulations to prevent the views of credit risk"jointly in July 2007. This document means that our government formally take the mean of credit into the field of environmental protection and green credit begin to implement as a policy in China.The implementation of green credit in our country is less than four years. Although some large state-owned commercial banks and joint-stock commercial banks are in the implementation of green credit, but there are still many problems in the implementation of the green credit system. For example, lacking of law and specific guidance. For commercial banks, chasing profit in short-term make it lack of motivation to implement green credit. This article analyze the motivation of commercial banks to implement green credit policy through three models. Commercial banks implementing green credit policy is the long-term direction of its development. In the global sustainable development context, commercial banks to implement green credit policy will promote its strategic transformation. All sectors of our society should work together to complete our green credit system and work hard towards sustainable development direction.This paper explain the basic concept of green credits, elaborate the relationship between green credit and green finance and environmental economic policy, and illustrate the thought of corporate social responsibility and environmental risk management of commercial banks. This paper analyzes the current situation and weaknesses of the implementation of green credit in our country and put forward some suggestion to our country by learning the advanced experience from foreign countries. This study shows that green credit in our country have a large space to development. Protection of the environment has become to the time delay. A key point in the work of environmental protection is to guide funds flow through credit means. Commercial banks and enterprises can enhance their own strength in the green wave. Commercial banks, enterprises, research institutions, non-governmental organizations and the public should be action to protect the environment and support the implementation of green credit.