Regulatory Policy,Green Credit And Commercial Bank Performance

After the reform and opening up,China's economy has achieved rapid development.At the same time,environmental pollution is becoming more and more serious.In order to realize the green,coordinated and sustainable development of economy and society,the eighteenth National Congress of the Communist Party of China put forward the strategic task of building ecological civilization.Faced with the financing demand in the process of building ecological civilization,the financial supervision department issued a green credit policy,requiring commercial banks to take full account of their environmental and social risks when examining loan projects,and to increase the loan support for green environmental protection industries and projects.Does the green credit policy play a role in promoting the green credit issuance of commercial banks? Most academics use qualitative analysis to study this problem.This paper uses the data of 16 A-share listed commercial banks to make an empirical analysis on this issue.In addition,under the condition of market economy,it will be difficult to carry out any economic policy without bringing sustained economic benefits to the actors.So,can the issuance of green credit improve the performance of commercial banks? Clear answers to these two questions are of great practical significance to the formulation and implementation of green credit policy.At the same time,it has certain theoretical significance to improve the academic research in the field of green credit policy evaluation.This paper includes seven chapters.Chapter 1 is the introduction,explaining the research background,research methods,article structure,innovation and shortcomings of this paper;Chapter 2 reviews the related research in the field of green finance,green credit financial supervision and Commercial Bank performance;Chapter 3 is the basic research of this paper,introducing the origin,scale,changing trend,investment direction and related aspects of green credit in China.Green credit policy.In Chapter 4,three hypotheses are proposed through theoretical analysis and logical reasoning.Chapter 5,this paper designs an empirical research program for the research hypothesis,including variable selection,model construction,data sources and data descriptive statistics.Chapter 6 is the empirical analysis.Taking the data of 16 A-share listed commercial banks in China from 2010 to 2017 as samples,this paper empirically examines whether the introduction of green credit policy improves the green credit issuance of commercial banks,the impact of equity nature on green credit policy and whether the issuance of green credit affects the performance of commercial banks.The empirical results show that:(1)the introduction of green credit policy improves the amount of green credit issued by commercial banks;(2)state-owned commercial banks are more susceptible to the impact of green credit policy,and the implementation effect is better;(3)the issuance of green credit has a negative impact on the performance of commercial banks in the short term,but will significantly improve the performance of commercial banks in the long term.Chapter 7 combs and summarizes the empirical results,puts forward corresponding policy recommendations,and looks forward to future research in view of the shortcomings of this paper.