Case Study On Green Credit Business Of Industrial Bank

Since reform and opening up,China’s economy has maintained rapid growth for many years,achieved the first centenary goal of completing the building of a moderately prosperous society in all respects,and is working hard to build China into a prosperous,democratic,culturally advanced and harmonious modern socialist country.China’s social economy has entered a stage of high-quality development,and is in a critical period of transformation of development mode,optimization of economic structure and transformation of growth drivers.The proposal of the dual carbon target strengthens the determination of China’s economy to take the road of green and sustainable development.The development of green economy cannot be separated from the support of green finance.Green credit business is the core of green finance business and also the earliest form of green finance business.By the end of 2021,China’s green credit balance has reached 15.9 trillion yuan,ranking first in the world.Over the past 20 years,green credit has played an important role in the development of green economy in China.Green finance,such as green fund,green bond and carbon finance,is developing continuously and becoming an important development mode of green finance.How to innovate and develop green credit,efficiently promote the green transformation of economy,and improve project income is an important issue for commercial banks to consider.Industrial Bank is the first commercial bank in China to accept the Equator principle and carry out green credit business.Industrial Bank’s exploration on the development of green credit business over the years has provided valuable experience for the rapid development of green credit business in China,but there are still some problems to be improved.Firstly,based on the overall analysis of green finance business of Industrial Bank,this paper analyzes the development process of green credit business of Industrial Bank from the embryonic stage,development stage and growth stage.From the overall planning of green credit business,characteristic green credit products,environmental and social risk management system,the measures taken by Industrial Bank to develop green credit business are systematically studied.Secondly,based on green economy,green finance,social responsibility and other relevant theories,the paper analyzes the motivation of industrial Bank to develop green credit business.By using the methods of qualitative analysis,quantitative analysis,investigation and analysis,the evaluation index system of green credit business effect of commercial banks is constructed,and the effect of green credit business of Industrial Bank is evaluated.Combined with qualitative and quantitative analysis,the paper points out that industrial Bank’s green credit business is restricted by factors such as not prominent advantage of green credit scale,impact of green credit business on short-term profits,innovation of green credit products to be strengthened,imperfect information mechanism and lack of professional talents.Finally,countermeasures and suggestions are put forward to improve the laws and regulations of green credit business,increase the degree of integration between government and green credit business,establish an information sharing platform jointly by multiple entities,establish a professional talent team to meet the needs of green credit business,and promote the diversified development of green credit industry.