Research On CS Bank’s Green Financial Product Innovation Risk Management

With the environmental awakening of citizens and the increasing awareness of environmental protection,the green production,ecological security and sustainable development have become global consensus.China has also entered a critical period of economic restructuring and development mode transformation.Thus,it has become the general trend to develop green finance and promote green economy and the circular economy.On the basis of previous practice and exploration,China’s commercial banks have launched a series of green financial products.The pace of innovation in green financial products is getting faster and faster.At the same time,fraudulent acts such as “washing green” are also frequent,which brings more serious problems,for example,financial risks,environmental and social risks.Therefore,it needs to guard against the risks of green financial product innovation for the development of green finance.This paper takes CS Bank’s green financial product innovation risk management as the object.The paper explores the risk sources of CS Bank’s green financial product innovation,and evaluates each risk factor,and proposes risk prevention countermeasures.First,this paper combs and analyzes the relevant theories of commercial bank financial product innovation,summarizes the meaning of commercial banks’ financial products and financial products innovation,and briefly introduces the theoretical basis of green financial product innovation.Then,based on the achievements of China’s green financial innovation,the status of green financial innovation of CS Bank is introduced.Thirdly,the WBS-RBS risk identification matrix is used to identify the risk factors of CS Bank’s green financial product innovation process.Using the expert survey data,the risk factors of CS Bank’s green financial product innovation are evaluated.The main risk factors in green financial product innovation are environmental risk,social risk,market risk and operational risk,and the causes of risk factors were analyzed.Finally,based on risk identification and assessment,the countermeasures for the innovation risk of CS Bank’s green financial products are put forward.The research in this paper helps commercial banks to carry out green financial innovation,adjust the structure of financial products,and help China’s economic transformation and the development of green and low-carbon economy.At the same time,because there are few literatures on the research of green financial product innovation,this paper also studies financial product innovation provides a new perspective.