The Establishment And Function Analysis Of Carbon Stock Index In China

At present,environmental problems have become a global hot spot,and they are all seeking the development of green economy.As the largest developing country,China's green economy started late.As an important part of the green economy,the carbon trading market was officially established in 2018.The development of forestry carbon sequestration is the only way to achieve green economy.The function of carbon sequestration to mitigate climate change has been recognized by the world,and the financial innovation of carbon sequestration is also imminent.This paper analyzes the current situation of carbon finance and green stock index development at home and abroad in China,combined with the relevant policies of national support for green stock index and carbon finance innovation,based on the general theory and method of stock index compilation,according to certain principles and standards,42 stocks of listed companies are selected to compile carbon 42 index,and the revision,adjustment and new of carbon 42 index are determined Listing of shares,elimination of old shares and other related issues.And the function of carbon sink 42 index is studied,and its investment function is analyzed emphatically.This paper makes an empirical study and analysis of carbon 42 index from the aspects of growth rate and volume,trading volume and volume,risk ? coefficient,etc.Finally,the paper makes an empirical analysis on the practicability of carbon 42 index,and compares the trend of carbon 42 index with that of Shanghai Composite Index,Shanghai 100 index,Shanghai and Shenzhen 300 index.The analysis results show that carbon 42 index has a high growth,a large speculative opportunity and a relatively high return on investment.Select the closing data from August 1991 to April 2018,use the data analysis software Eviews and SPSS to analyze the correlation between carbon 42 index and Shanghai Composite Index and Shenzhen composite index,and predict the future trend of carbon 42 index based on the expert modeling model.The results show that there is a high correlation between the carbon 42 index and the Shanghai Composite Index,and the Shanghai composite index is the Granger reason for the change of carbon 42 index,while the correlation between carbon 42 index and the Shenzhen composite index is low.Based on the prediction of expert modeling,from R 0.97 to see the prediction results,the prediction results show that the carbon sink 42 index in the next two years shows a continuous upward trend,with a strong momentum of development,while the Shanghai composite index is in a relatively stable state.