The Risk Management Research Of Offshore Green Bonds Underwrite By Chinese Commercial Bank

The economic development of our country has made great achievements since the implementation of reform and opening up in 1980 s,but it is not advisable to sacrifice resources for economic development in the past,which indirectly led to the irrational industrial structure of our country.Relevant policies and regulations are lacking,and there is no timely industrial guidance,which has caused tremendous pressure on the environment.While pursuing the rapid economic development,we should always pay attention to the protection of the environment and stick to the road of sustainable development.The transformation of the economy will inevitably bring about the transformation and upgrading of the industry,the upgrading of the enterprise facilities and the setting of the production standards should also be changed to achieve the goal of energy saving and emission reduction and the transformation of the green economy.Since 2003,the Equator Principle has been implemented in the field of international finance.China has also begun to support the green financial system in2007,and has issued a series of relevant documents to provide guidance for the development of green bonds in China.The risk management of green bonds and the risk management of traditional bonds are different for commercial banks.Risk management of green bonds is a relatively high field of technical requirements.This paper systematically expounds the concept of green bond and combines the related theories of bank risk management,and studies the current situation of green bonds in domestic banks and the practice of risk management and control of green bonds through comparative analysis.The causes of these risks are further analyzed by systematic analysis.Through fishbone diagram and Delphi method,the risks faced by our banks in underwriting offshore green bonds are analyzed concretely.Taking the theory of debt risk and environmental risk as the guiding theory,we learn from the mature experience of the developed international banks to underwrite the risk management of offshore green bonds,and add environmental risk factors on the basis of traditional rating methods.Quantitative analysis and management of risks through AHP.Finally,it is concluded that China's banks should review,control and manage the environmental risk factors of green bond projects in the early,medium and late stages.According to the actual situation,this paper puts forward some countermeasures and suggestions for the bank to carry out risk aversion of offshore green bond business,forms a complete risk control process,establishes a reasonablerisk prevention system,combs out the specific links of risk management and control,and puts forward the management and control measures for banks to avoid and control the risk of offshore green bonds.