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Research On Financing Of Green Bonds Issued By Chinese Enterprises

Posted on:2019-03-31Degree:MasterType:Thesis
Country:ChinaCandidate:Z J WangFull Text:PDF
GTID:2429330545970875Subject:Business Administration
Abstract/Summary:
With the deterioration of the environment,people pay more and more attention to environmental protection.As an important force in the development of green finance,green bond originated from the environmental protection and the sustainable development of the economic and social environment.It is an important link in the establishment of the green financial system proposed by the 13 th Five-Year Plan.At the same time,it also represents the new direction of the development of the global financial industry.Because of the impersonal defects of traditional financing tools,the financing of enterprises by issuing green bonds helps to alleviate the problem of financing difficulty and expensive financing,which has certain practical significance for the better development of green industry.The research on corporate green bond financing can also provide reference for improving and constructing green bond system and industry standard,enhance investors' confidence and promote the development of green bond.Moreover,the discussion on the issuance of green bonds by enterprises will help to discover the shortcomings of the mechanism.Since the issuance of bonds involves various institutions,the design and guidance of government policies,issuers,underwriters,As well as the relevant regulatory bodies continue to improve the system construction,the related issues after corporate financing have certain theoretical value,for our country to build a green financial system,green finance development to provide some countermeasures and suggestions.For other green enterprises through the financing of green bonds to provide a reference.Based on the energy case of Zhejiang Jiahua,supplemented by the case of medium energy saving and Beijing automobile,this paper makes a deep analysis on the bond issuance of enterprises,and compares with the advanced systems of foreign countries,and puts forward some suggestions for the financing of green bonds issued by Chinese enterprises.Including how the issuer should manage and raise funds,how to choose third party certification,how to improve the relevant government departments and financial institutions in terms of policy encouragement and follow-up supervision,so as to make the green bond market of our country develop healthily.To provide guidance for other enterprises to issue green bonds.
Keywords/Search Tags:green bonds, corporate finance, third party certification
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