Research On Credit Risk Management Of Green Bonds Of Shenzhen Energy Group

For a long time,resource-based economic development mode has seriously damaged the ecological environment of China.Green finance can provide huge financial support for China’s economic transformation.As one of the innovative green financial products,green bonds have the "green" attribute while retaining the financing advantages of ordinary bonds.They can activate the green financial market and guide investors to flow funds into green and environmental protection industries,which is of great significance for sustainable economic development.Domestic studies on green bond credit risk are less,while green factors for blessings on the bond market more and more get the attention of investors,green bonds because of its special properties have relatively strong robustness,but due to the higher risk of corporate bonds at the same time,the number of defaults is growing in recent years,green bonds issued by the enterprise credit risk management is worth pondering.As the first listed power enterprise in China,Shenzhen Energy Group has been committed to the investment and construction of preservation of environment,green energy industries since its establishment,and has made outstanding contributions to China’s green industry.This paper starting from the green bonds of Shenzhen Energy,with the relevant theories of credit risk,captures the corporate bonds with credit default in recent years and the credit risk management problems existing in the green bonds of Shenzhen Energy in recent years,selects the financial data,stock data of Shenzhen Energy from2015 to 2020,and uses KMV credit risk management model for measurement,Deeply excavate the root causes of these credit risk problems,analyze them one by one,finally put forward a series of optimization suggestions for risk management.This paper study risk management issues,hoping to provide reference for Green Corporate bonds and even the whole green financial market risk prevention.