Research On The Effect Of BYD’s Green Bond Financing

After entering the 21st century,China’s economic development momentum is extremely rapid,and its position in the international market is increasingly improving.However,at the same time,China’s extensive economic growth mode has gradually exposed many drawbacks,and the damage caused to the ecosystem has also continued to intensify.Excessive consumption of resources has caused an impact on the environment on which people rely for survival.In order to achieve the goal of sustainable development,the 18th National Congress of the Communist Party of China raised the policy of green economic development to a strategic height,requiring that the contradiction between economic development and environmental protection must be resolved,the allocation and utilization of financial resources must be optimized,and the transformation and upgrading of consumptive industries to green industries must be accelerated.Later,at the 20th National Congress of the Communist Party of China,the concept of harmonious coexistence between human beings and nature was once again emphasized,highlighting the need for comprehensive green transformation of society,revealing that green development is the only way for enterprises,and that the green economy will become the mainstream of international economic development in the future.Therefore,enterprises must have a sense of mission and responsibility,actively implement and implement the Party and state policies,promote the transformation of traditional industries to green industries,follow the development concept of energy conservation and emission reduction,implement a low-carbon business model,and protect the normal operation of the ecosystem.In this environment,in order to promote the efficient development of the green economy,it is necessary to build a matching green financial environment,promote the flow of funds to industries with low energy consumption,provide financial support policies for green enterprises,meet the funding needs of green projects through the issuance of green bonds,solve the financing problems of green enterprises,reduce the financing costs of green enterprises,and encourage green enterprises to innovate continuously,Focus on energy conservation,emission reduction,and pollution prevention to provide a driving force for the development of a green economy.This article conducts an in-depth analysis of the financing situation of BYD’s "19 Ya di G1"bonds.Based on the research results of domestic and foreign academia in the field of green bonds,combined with the concept and relevant theoretical basis of green bonds,it comprehensively explores the motivation of BYD’s issuance of "19 Ya di G1" and its social,financial,and stock price effects,and identifies the shortcomings of its bond issuance,so as to identify market investors Formulate effective optimization and improvement measures from the perspective of the regulatory environment and the enterprise itself,with a view to improving the quality of green bonds issued by BYD enterprises,expanding the sustained effect of green bonds on BYD enterprises,and providing guidance and suggestions for other domestic enterprises to use green bond financing.