Research On The Impact Of “Green Credit” On Financial Performance Of China Commercial Banks

Since the reform and opening up for 40 years,under the leadership of the Communist Party of China,China’s national economy has been developing rapidly,and people’s living standards have been improving day by day.However,with the past high energy consumption,high pollution and resource-based development model,the environmental pollution problem is becoming more and more serious.Since the18 th National Congress of the Communist Party of China,the development theory of "green water and green mountains is the golden mountain and silver mountain" fully embodies the sustainable development thinking of the dialectical unity between ecological environment and economic development at the national level.Under the guidance of the national sustainable development strategy,green credit has been widely spread and developed rapidly.The green credit policy has gradually risen to the national level,which means that green credit can not only promote the healthy development of green economy,but also provide new ideas for the development of China’s new financial road.As the main body of financial assets allocation,commercial banks must fully realize the importance of environmental protection,earnestly fulfill the responsibility of social development,change the development principle of "interest first" in traditional economy,establish the development concept of giving consideration to both economic interests and ecological environment,and create a brand-new survival and development format of commercial banks.Therefore,it is of great significance to explore the correlation between green credit and financial performance.Based on the literature review of green credit at home and abroad,this paper analyzes the concept of green credit and sustainable development theory and other related theories,expounds the impact mechanism of green credit on financial performance of commercial banks,combined with empirical analysis methods such as factor analysis and regression analysis,carries out the research on the correlation between green credit and financial performance of commercial banks.In terms of theoretical research,relying on the "camel credit rating theory",this paper mainly explores the impact mechanism on the financial performance of listed banks from the four aspects of profitability,operational risk,capital flow and future development potential,and on this basis,explores the impact of green credit on the financial performance system of commercial banks.In terms of empirical research,based on the concept of green credit and panel data analysis model,this paper analyzes the financial reports and social responsibility reports of 19 listed commercial banks in China from 2014 to 2018,and takes the green credit ratio as a measurement index.In the process of research,this paper combines theoretical research and empirical research closely,and obtains the results In the process of empirical analysis,with the help of professional software technology to analyze the collected data information,the purpose is to maximize the accuracy and credibility of data analysis.Through comparative analysis,this paper constructs 13 different financial performance evaluation index systems of commercial banks,and uses factor analysis method to calculate the final comprehensive evaluation results.Then,further regression analysis is carried out.The results show that the change direction of green credit and bank financial performance is not consistent in the short term,and there is a negative correlation.This paper points out the problems existing in the actual implementation of green credit business through research,and clarifies the conflict between the conclusions of theoretical and empirical analysis results,and analyzes the reasons for the formation of such results.Finally,this paper introduces the research conclusions and prospects of this paper.According to the main problems existing in the process of green credit business in China,it puts forward effective solutions,including improving the external environment of green credit implementation by the government and strengthening the internal construction of green credit system by banks,so as to explore a new development path for the green finance road of commercial banks and promote green gold Sustainable and healthy development.The innovation of this paper mainly focuses on two aspects: on the one hand,it reflects the innovative research perspective and research methods.This paper selects the current hot topics as the breakthrough point to carry out research and exploration,and uses the method of combining quantitative and qualitative to analyze the mechanism of green credit,and explore the internal relationship between green credit and financial performance of commercial banks,and to explore the internal relationship between green credit and financial performance of commercial banks On the other hand,from the perspective of academic value,the existing research results at home and abroad mostly stay at the theoretical level,and there is less empirical research on quantitative analysis.Most scholars choose the profitability indicators such as return on total assets and return on net assets as empirical analysis variables,and rarely construct a comprehensive financial index evaluation system to conduct empirical analysis It is hoped that through the empirical research which can more truly reflect the financial performance of enterprises,it will find a new way to provide other scholars with diversified innovative ideas for further research.