Research On Stock Price Effect Of Green Financial Products Issued By Commercial Banks

At present,China's economy is facing the test of structural adjustment and transformation.The development of green economy has become an inevitable choice for China's economic development.Finance provides financial support to the economy,which plays an important role in promoting the development of the economy.The development of the green economy cannot be separated from the support of green finance.Commercial banks play an significant role in the financial system of our country.In order to realize the transformation from traditional finance to green finance,it is necessary for commercial banks to actively carry out green financial ideas and do a good demonstration for other financial institutions.That how commercial banks developing green finance better has an important impact on the establishment of green financial system and on the development of green economy in China.However,at present,the green financial development of commercial banks in China faces many problems.The commercial banks lack the endogenous impetus to develop green finance and lack the enthusiasm for the development of green finance.Commercial banks are a special profit organization.Only by making commercial banks realize that the development of green finance can help them obtain market recognition and help to improve their own value,they can fully mobilize the enthusiasm of developing green finance and produce the endogenous driving force for developing green finance.Therefore,the research and confirmation is extremely important that commercial banks develop green finance,issuing green financial products can be recognized by the market and investors,and can have a positive impact on the stock price of commercial banks,thus mobilizing the enthusiasm of commercial banks to develop green finance,so that the commercial banks have an important meaning to develop the endogenous driving force of green finance.Based on the impact of Green Finance on the stock price of commercial banks,this paper made a theoretical analysis on the impact of Green Finance on commercial banks,and believes that the development of green finance is the performance of commercial banks' active performance of social responsibility,and commercial banks can reduce the environmental wind of commercial banks by developing green finance.Risk helps commercial banks to expand new profit growth points.Based on the positive impact of Green Finance on commercial banks,when commercial banks issue green financial products,they will get the support of market and investors.The market and investors will pay attention to and hold commercial bank shares,which will lead to the rise of the stock price of commercial banks.Then,using the method of event-study analysis,this paper makes an empirical study on the relationship between the stock price of six listed commercial banks and the distribution of their green financial products and business.The empirical results show that the commercial issuance of green financial products can indeed have a more significant positive impact on the stock price of commercial banks.The conclusion of this paper proves that the commercial banks' development of green finance is the choice of economic development trend,which is recognized by market and investors.Commercial banks can improve their own value by developing green finance.Therefore,commercial banks should actively develop green finance.On this basis,this paper also put forward policy suggestions for commercial banks to better develop green finance to help commercial banks to better develop green finance and contribute to the development of green economy in China.