Research On The Influence Mechanism Of Green Credit On Industrial Structure Optimization

With the rapid development of the economy,the problem of resource waste and environmental pollution has become more and more serious.Under the sustainable economic development strategy,the contradiction between China's economic development and environmental protection has become increasingly prominent.Banking financial institutions should actively use green financial instruments,respond to national green development policies,assume corporate responsibility,and use bank resource allocation functions to further optimize China's industrial structure.In view of the impact mechanism of green credit on industrial structure optimization,this paper explores through theory and empirical research.First of all,this paper starts from the relevant literature at home and abroad,and sorts out the research process and results of this issue.After that,it expounds the relevant theories of green credit and industrial structure.After analyzing the development of green credit and industrial structure in China,it points out that China's green credit has institutional system,information communication and management mechanism in promoting industrial structure optimization.The problem.Then the paper theoretically analyzes that green credit mainly promotes industrial structure optimization through four mechanisms:capital formation,capital guidance,policy guidance and industrial integration.In order to verify the theoretical analysis results,this paper first uses the grey correlation model to find out the correlation between the level of green credit development and the proportion of the three industries:the third industry>second industry>the first industry.Combined with the content of green credit support projects,green credit can promote the optimization of China's industrial structure by promoting the transformation of the secondary industry and the development of the tertiary industry,but the degree of influence cannot be determined.Therefore,this paper continues to use panel regression analysis for more in-depth discussion.Through regression,it is found that there is a long-term stable cointegration relationship between the level of green credit development and the optimization level of industrial structure in China,and there is a positive correlation between green credit and industrial structure optimization,which further validates the role of green credit in promoting industrial structure optimization.Finally,based on the actual development of China,this paper believes that the government,commercial banks and related enterprises should make efforts in improving the green credit system and further promoting the promotion of green credit to the optimization of industrial structure.The government should further support the improvement of the green credit system from the policy;commercial banks should strengthen the implementation of green credit policies in many aspects;enterprises should actively use the green credit policy to transform to promote the further optimization of China's industrial structure.