Research On Chinese Policy-based Finance Supports The Development Of Green Industries

In recent years,Chinese economy has maintained a high level of growth,China has become the world's second largest economy.While Chinese economy has made brilliant achievements,the shortage of resources and energy in China has been more serious,the ecological environment has worsened,the problem of structural imbalances has been very prominent,which constrained the sustainable development of the economy because of the long-standing economic development thinking of "Paying attention to economic development and despising environmental development".To solve the problems of resource constraints and environmental degradation,to achieve sustainable and coordinated economy,society,and environment development,the green industry has become an inevitable choice for Chinese economic and social development,and it has also become a major strategic measure to support Chinese economic growth,promote reform,improve people's livelihood and prevent risks.This paper reviewed the green industry theory and policy-based finance theory firstly and then outlined the connotation and function of policy-based finance,the definition of green industries and related theories of policy-based financial support for green industries.After that this article analyzed the role of policy-based finance in the green industry and the supply and demand of Chinese policy-based finance.In the empirical part,this paper used the principal component analysis method to calculate Chinese green index from 2012 to 2016,selected the green index and the green credit of Chinese three policy banks as indicators.And this paper used the gray correlation method to calculate the degree of correlation between the three policy banks' green credit and the development of Chinese green index and analyze them.Finally,this paper proposed some countermeasures for Chinese policy financial institutions to support the development of green industries.The innovation of this paper is as follows: First,using the principal component analysis method to calculate the Chinese green index from 2012 to 2016 and picking the green index as one of the indicators of the gray correlation analysis method.Second,using the gray correlation analysis method to calculate the degree of correlation between Chinese green index and the green credit of three policy financial institutions,analyzing the trend of changes in policy-base green credit and green industry development.