Green Credit Structure Evolution And Effect Analysis In China

Since the 21 stcentury, environmental pollution and ecological deterioration increasingly has being serious problem along with the rapid development of the global economy, how to balance environmental protection and economic development has become the focus of attention. “Equator Principles” came out in 2002, it is that put the concept of environmental protection through economic development, which has become the basic criteria of financial industry. The green credit is a very Chinese characteristics of the new economic policy, the financial credit and environmental protection closely linked, reflecting follow of the “Equator Principles” and in response to “the Eighteen National Congress of the Communist of China” slogan—building a socialist ecological civilization, unswervingly continue to take a road of economic and social sustainable development, natural coordinated development.Practice shows that green credit promulgated since 2007, policy has developed well,just “floating green” but not strong practical, and China’s economic structure is still the second industry-based, high energy consumption and high pollution industry rampant in the road, which become an urgent need for the transformation of industrial structure. With further accelerate the urbanization process, how to keep up with the pace of China’s green credit, to play its due role in income, a benefit for the people,it is worth pondering. This article is made ? ?from a macro and micro perspective of comparative analysis involving environmental protection and the “two high and one left” in the field of national typical 120 listed companies, using disclosed information to make descriptive statistical analysis, and to establish multiple regression models based on 2010-2014 data to illustrate the effect of the economic impact of green credit structure, reached the following conclusions: First, Green credit supply have the heterogeneity in the implementation of emerging industries and traditional industries,there is a self-feedback mechanism green credit and industrial restructuring. Second,with respect to the “two high and one left” industry, the supply of credit of the emerging green industry not only have considerable economic and social benefits,but also achieved a quality, sustainable economic growth. Third, Empirical evidence shows that the development of China’s green credit is still in its early stages, it is necessary to force together form top-level design of the government, industry regulatory and commercial banking practices, and specified and integrated relatedpolicies, systems and product, and promote healthy and orderly development of the market green credit.