Study On System Of China’s Green Credit

The report of the 19 th National Congress clearly pointed out that it is necessary to comprehensively deepen the institutional innovation of green development and improve the institutional design of green finance,so that the financial system becomes the supporting platform for the green transformation of the economic system.This puts forward requirements for the establishment of a sound green credit system,raises the green credit policy to legal norms,and promotes the development of green credit through the force of law.In recent years,China has successively introduced a series of national and local legislations to promote the development of green credit on the basis of green credit policies.The aim is to promote environmental protection by regulating the credit behavior of financial institutions.The implementation of green credit has achieved certain positive effects.However,the system design and implementation effects of green credit have not made substantial breakthroughs in the development of green credit in recent years.First of all,the lack of effective legal support system for green credit is the most important reason.Secondly,the system itself is not sound enough,there are problems such as the green credit credit management system,the imperfect information sharing system,the strict supervision and management system,and the lack of fiscal and tax incentive systems.In the current implementation of the scientific development concept and the sustainable development strategy,China’s green credit system has exposed the shortcomings of the inability to adapt to the new forms,and urgently needs fresh blood to rejuvenate it.In view of the shortcomings of China’s green credit system,focusing on the specific reality of China,we should work hard on the following aspects: First,clarify the legislative concept of energy conservation,emission reduction and sustainable development,and introduce special legislation on green credit from the height of national legislation.The responsibility and obligation of financial institutions in carrying out green credit business;secondly,they should seek innovation in the green credit system itself and break its rigid model.We will standardize green credit implementation standards,improve the information sharing system,and improve the green credit supervision system and fiscal and tax incentive system to encourage banks to actively implement green credit.Through legislative construction and system improvement,it provides strong legal support for China’s green credit system to promote the healthy and orderly development of green credit.