Since the reform and opening up,China has made great achievements in economic and social development,and the accompanying "ecological environment" problem has become increasingly prominent.To solve this dilemma,the Party put forward the concept of green development at the Fifth Plenary Session of the 18 th Central Committee,requiring the whole society to form a green value orientation and green thinking mode,and giving priority to protecting the ecological environment and promoting green development.The Fifth Plenary Session of the 19 th CPC Central Committee once again emphasized "promoting green development" and regarded it as an important task of economic and social development during the "14th Five Year Plan" period.Then,the 20 th National Congress clearly pointed out that promoting green development and promoting harmonious coexistence between human and nature are the essential requirements of Chinese path to modernization.Correctly handling the relationship between economic development and ecological environment protection,deeply promoting environmental pollution prevention and accelerating the green transformation of development mode are the direction of future development.Green will become the theme of high-quality development and the background and trend of future development.As a bridge and converter to realize "green water and green mountains" to "golden mountains and silver mountains",green finance is an important driving force to promote the industrial transformation to green and help China achieve green development.Therefore,exploring the impact of green finance on green development and clarifying the mechanism of industrial cleaning become the focus of this study.The main research ideas are as follows: First,it combs the relevant theoretical basis of green finance and green development,and explains the mechanism that green finance can promote green development and industrial cleaning plays a role as a transmission path;Secondly,in order to verify the relationship between green finance,industrial cleaning and green development,the indicator system of green finance,industrial cleaning and green development is constructed from each dimension,measured and analyzed,and panel data is constructed based on the relevant data of 30 provinces from 2008 to 2020 to analyze the impact of green finance on green development and the intermediary effect of industrial cleaning;Finally,a spatial econometric model is established to study the spatial spillover effect of green finance and industrial cleaning on green development from a spatial perspective.The empirical results show that green finance,industrial cleaning and green development are gradually declining from east to middle to west.In terms of impact effect,the development of green finance has a significant role in promoting green development,in which industrial cleaning plays an intermediary role,and this role has heterogeneity,which is most significant in the eastern region,general in the central region,and weakest in the western region;From the perspective of space,green finance has a significant spatial spillover effect on green development,but among the intermediary effects of industrial cleaning,green finance has a poor radiation capacity,and there is no spatial spillover effect.Based on the research conclusion,this paper proposes to further improve the green financial system from two aspects: promoting the innovation of green financial instruments and establishing and improving the financial risk prevention system;At the same time,we should adjust measures to local conditions,implement regional differentiated management plans,and form a leading role model to ensure that green finance can give full play to its effects;In addition,we should improve the green financial incentive mechanism,help enterprises to make green transformation,improve the degree of industrial cleanliness,and promote green development. |