Study On Green Bond Financing Of Strategic Emerging Industries

With decades of rapid economic growth in China,the contradiction between extensive economic development mode and environmental protection is becoming more and more serious.At the present stage,in the context of high-quality economic and social development,our country attaches more and more importance to environmental protection and green economic development.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.The development of strategic emerging industries has become the main direction of future economic development.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,the government attaches great importance to the construction and development of the green finance system,taking measures to encourage the development of the green bond market.Applying the financial resource allocation mechanism,the government guides the capital to flow to projects with environmental benefits,and reduces pollution to promote the green economic transformation and industrial upgrading.Therefore,as an important branch of green finance,green bonds is an important measure to promote the upgrading of strategic emerging industries and realize the green transformation of economy as an important lever to promote the development of green industry.Relying on relevant researches and existing theories at home and abroad,this thesis reviews the relevant literature on the issuance motivation and financing performance of the green bond market,and introduces the issuance scale of green bonds.Based on the financing status of strategic emerging industries and their current financing difficulties,this thesis analyzes the development status of the industry in which the case enterprises are located,introduces various information of the case enterprises and the issuing situation of green bonds,and analyzes the motivation of Mingyang Smart Energy issuing green bonds from four aspects: policy,economy,society and technology.After that,financial index analysis and green EVA analysis system are used to measure the changes in performance value of several years before and after Mingyang Smart Energy issuing green bonds,and it is concluded that the financing of Mingyang Smart Energy issuing green bonds meets the needs of its current green development strategy,and also achieves the goal of reducing financing costs within a reasonable range.Its successful experience has the model significance for the financing of the whole industry and emerging industries.To promote the further cultivation and development of green financial products in the financing of our strategic emerging industries,and finally put forward feasible suggestions for green bonds and the financing of our strategic emerging industries.