| In August 2016,seven ministries and commissions jointly issued the Guiding Opinions on Building a Green Financial System,clarifying the basic concept of green financial services in China and clarifying that the government should vigorously develop green finance,marking the basic formation of China’s top-level green financial service policy system.In 2020,the "Outline of the Planning for the Construction of the Twin Cities Economic Circle in the ChengduChongqing Region" was released and implemented,which clarified that the Twin Cities Economic Circle in the Chengdu-Chongqing Region should strengthen the construction of the green financial system.Based on this,the evaluation and research of the development level of green finance will not only help promote the development of green finance in the twin-city economic circle in the Chengdu-Chongqing region,but also help the economic restructuring and transformation and development of the twin-city economic circle in the Chengdu-Chongqing region.The research content of this paper is as follows: First,the relevant research of the predecessors is sorted out and summarized,the concept of green finance and the twin-city economic circle in the Chengdu-Chongqing area is defined,and the economic and green finance development status of the twin-city economic circle in the Chengdu-Chongqing area is statistically analyzed,and the necessity of developing green finance in the Chengdu-Chongqing economic circle is summarized.Second,this paper constructs an evaluation index system for the development level of green finance from the five dimensions of green credit,green securities,green insurance,green investment and carbon finance,calculates the weight of each indicator by using the entropy method to obtain a comprehensive score,and measures the overall green finance development level of the twin-city economic circle in Chengdu and Chongqing from the five index dimensions.Third,this paper uses the Grey Correlation Model of Deng’s to calculate the grey correlation degree between Chongqing,Chengdu and other cities and regions under each index dimension,and further evaluates the contribution of various cities in the Chengdu-Chongqing Economic Circle to the development of regional green finance from the perspective of the upper part of the region.The empirical results show that: First,the development level of green finance in the twin-city economic circle in Chengdu and Chongqing has shown an upward trend,and after 2016,the development speed of green finance in the region has accelerated.Second,the comprehensive score of green credit and green insurance among the indicators is the highest,indicating that the two are particularly important in the development of green finance,and the promotion effect on the development of green finance in the twin-city economic circle of Chengdu and Chongqing is the most obvious,and the gap between the other three indicators is small,of which the comprehensive score of green securities is the lowest,indicating that the current green investment,green securities and carbon finance play a small role in the development of regional green finance.Third,Chengdu and Chongqing have the highest contribution to the development of regional green investment,Mianyang and Chongqing have the highest contribution to the development of regional green insurance,Chengdu and Mianyang have the highest contribution to the development of regional green credit,Chengdu has the highest contribution to the development of regional green securities,and Chengdu and Chongqing have the highest contribution to the development of regional carbon finance.Overall,Chengdu and Chongqing have played a "dual core" role in the development of green finance in the twin-city economic circle in the ChengduChongqing region.Finally,based on the results of theoretical and empirical analysis,this paper examines the twin-city economic circle in Chengdu-Chongqing from five aspects: green investment,green insurance,green credit,green securities and carbon finance Recommendations are made for the development of green finance. |
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