Comparative Study On The Development Of Green Credit Business Between China And Major Developed Countries Commercial Banks

Our human beings are facing world-level environmental issues under the era of industrial modernization.The governments around the world initially started to discuss the environmental issues in a human environment conference at U.N.in 1972.From then,the world came into a new era of consciously protecting the environment.Many nations started to launch series of policies to against the issues of climate changes and environment protection.In the early 21 st century,the commercial banks of well-developed countries started to promote the low-carbon economy,so that many kinds of green financial trades were taking place,the green credit business was one of them.After that,more the more foreign banks started to apply the Equator Principles as the standard to promote the green credit business.Comparing with the thriving green business of the foreign countries,the launch of green credit business in China already fell behind.China's banks haven't totally understood the international principles,such as the Equator Principles.Our banks haven't completed a whole system of management processes and rules for the Green Credit.To solve the environmental and social issues,China need pay attention to the question of how to promote the green credit.This article uses the methods of case analysis and compare research,uses the classic cases from the well-developed country,such as U.S.,Japan,U.K.,Germany,as well as some China's commercial banks,to explain and analyze the the rule construction,risk management,and product innovation of the green credit in the foreign banks.It concludes that the development of green credit in foreign countries is bottom-up,with perfect laws and policies.Commercial banks are pro-active and have a sound risk management system and abundant related products.The development of green credit in China starts from the top-down and starts late with no uniform standard,Single product.Based on the existing experiences,this article summarized these experiences,as well as combined the self analysis,comprehensive theory,and case analysis,to bring up the suggestions of policy rules,concept advocacy,information disclosure,risk management,product innovation,and talent training,in order to contribute the development of the green credit in China's commercial banks.