Research On The Dynamic Mechanism And Economic Effect Of Green Bond Financing In Strategic Emerging In Dustries

Under the background of China’s strong support for green development and the convergence of the transformation and upgrading of the traditional manufacturing industry in China,the development of strategic emerging industries is a major strategic decision for China to construct a new modern industrial system,cultivate new economic growth points and promote the rapid development of economic society.Therefore,in the face of economic downturn,high energy consumption and high pollution in traditional industries,China has decided to actively cultivate and support strategic emerging industries,and at the same time,it is seeking important support for new growth points.However,from the perspective of the actual development situation and social environment of the current strategic emerging industries,the industry is still in the early stage of development,and there are some obvious problems,such as difficult and expensive financing for the development of strategic emerging industries.At the same time,with the continuous development and extension of the green financial system in China in recent years,as a financial lever to promote the development of the green industry,the issuance of green bonds has gradually become mature and has a huge space for development.This paper studies the first green corporate bond in China through financial analysis and event study method.65 As soon as this green bond was issued,it attracted a lot of attention from the market and attracted a lot of other potential issuers of emerging industries.In general,the green bonds issued by the case enterprise Beijing Automotive Industry Co.,Ltd.meet the needs of its current corporate transformation and development strategy,reduce the financing cost within a reasonable range,and improve the social image of the enterprise.Moreover,its successful experience has certain reference significance for the financing of the whole industry and emerging industries.Based on relevant theories and existing research results at home and abroad,this paper summarizes and analyzes the dynamic mechanism and economic effects of green corporate bonds in the financing of new energy vehicles in the case enterprise according to the characteristics of China’s strategic emerging industries and the current difficulties they are facing.To promote the deepening of green financial products in China and to the strategic emerging industry financing and further cultivation and development of enlightenment.