| In 2021,China’s green finance achieved certain development.The government work report pointed out that it is necessary to vigorously promote the green process,continuously improve China’s environmental quality,accelerate the green transformation of production and operation methods,optimize the industrial and energy strcture,implement the development policy of financial support for low-carbon life,and jointly promote high-quality economic development and high-level ecological protection during the 14 th Five-Year Plan period.The key to the transformation and optimization of industrial structure lies in the optimization of green industrial structure and the development of new green environmental protection enterprises.As a province with serious pollution,Hebei’s extensive development mode has seriously damaged its ecological environment,so it is very important to seek a green development mode that balances economic development and environmental protection.In the 14th Five-Year Development Plan of Hebei Province,it is also pointed out that it is necessary to realize the transformation and upgrading of traditional advantageous industries,adhere to the upgrading project of characteristic industries,support breakthrough projects through high-potential future industries,adhere to the energy-level upgrading project of modern service industry and agricultural modernization project,and take actions to improve the stability and competitiveness of industrial chain supply chain,attack key core technologies and special activities of green and low-carbon transformation to build a more reasonable industrial structure in Hebei Province.Therefore,this paper explores the influence of green finance on industrial transformation and upgrading,in order to put forward feasible suggestions for the development of green finance and the efficiency of industrial transformation and upgrading in Hebei Province through this study.This paper studies the influence of green financial development in Hebei Province on industrial transformation and upgrading through qualitative and quantitative methods.From the perspective of qualitative research,the paper finds that green financial development in Hebei Province can have a direct impact on industrial transformation and upgrading through capital guidance and information transmission,and can also have an indirect impact on industrial transformation and upgrading through green technological innovatioin.From the perspective of quantitative research,this paper selects the cities in Hebei Province from 2010 to 2020 as the research object,takes the green financial index as the explanatory variable,takes the efficiency of industrial transformation and upgrading as the explained variable,and combines a series of control variables to construct a panel regression econometric model for regression analysis,and obtains the conclusion that the development of green finance in Hebei Province can significantly promote industrial transformation and upgrading.And the conclusion that green credit plays the most significant role in promoting industrial transformation and upgrading,and through the comparative analysis with Beijing and Tianjin,it is found that this promotion has regional differences,and the return result of Tianjin is significant,while the role of green finance in Beijing is not significant This paper also proves the reliability of the regression results through robustness test.Finally,the conclusion of the study is summarized and the corresponding feasible suggestions are put forward. |
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