Research On The Choice Of Green Finance Development Mode Of China's Commercial Banks

The rising voice of global sustainable development and the continuous concerns of countries around the world over the ecological environment have brought the concept of green finance to the attention of the public."Green finance" means economic activities that support environmental improvement,deal with climate change,save and efficiently utilize resources.At present,the global market of green finance is expanding rapidly,and various green products and services are developing innovatively.The Chinese Government regards green as one of the five major development concepts and has risen the construction of ecological civilization to the level of national strategy.In today's market with intense competition,developing green finance is one of the important ways to realize differentiated operation and a new profit growth point in the future.However,commercial banks will inevitably face various challenges when developing such new business.One of the critical challenges is how to better learn from matured experiences and select a proper development mode.Firstly,this paper introduces the development status of green finance business in domestic and foreign banks.Meanwhile,it selects the data of green credit & performing loan rate of the major domestic commercial banks,and proves the benefits of developing green finance business to commercial banks through a brief empirical analysis.Then it makes an in-depth analysis of three typical commercial banks in China.On the basis of referring to the green finance development mode of the international banking,it summarizes them into three typical development modes in China.That is,the pioneer mode of advanced layout and continuous innovation,the comprehensive breakthrough mode of "large" and "professional",and the differentiated directional layout of the unique mode.From the perspective of practical operation,this paper explores how commercial banks develop green financial business and how to choose development modes.Combined with the excellent experience of foreign banks,this paper explores the success and shortcomings of the three modes,and compares them from three aspects: strategic planning and layout,r&d and innovation ability,product structure and market strength.Finally,the paper puts forward some suggestions for the selection of each mode,and commercial banks should choose the appropriate development mode according to their actual conditions.Also,it puts forward development suggestions for each mode from the aspects of future development position,green business proportion and green finance products structure.In addition,it is also suggested that commercial banks should strengthen the basic capability,strengthening intra-industry collaboration and breakthrough innovation to carry out green finance business.