Analysis Of Green Financial Services Of Agricultural Bank Of China Under The Goal Of "Carbon Peaking And Carbon Neutral"

The environmental pollution problem caused by the rapid development of China’s economy for more than 30 years cannot be underestimated,and the crude economic development path of developing the economy through uncontrolled consumption of resources is unsustainable,and the correct understanding and handling of the relationship between economic development and ecological environment has become crucial.Therefore,the country has begun to attach great importance to the development of green economy,and green finance has gradually become a consensus to promote the realization of sustainable development,which also points out the direction for the future development of the financial industry.In September 2020,General Secretary Xi Jinping proposed that China should achieve the goal of "carbon peaking and carbon neutrality",which brings opportunities and challenges for the financial industry to develop green finance business.As a supporting force of the financial industry,commercial banks are bound to take up the important task of promoting the development of green finance and achieving the "double carbon" target,and shouldering the important mission of promoting the green transformation and development of China’s economy,but at present,the development of green finance of commercial banks in China is still at the exploration stage.Based on this,this paper selects Agricultural Bank of China,one of the stateowned banks,as the research object to analyze its green financial business.As the leading commercial bank in China,the development of green business of state-owned banks has an important demonstration role,therefore,it is of certain significance to explore the experience and shortcomings of agricultural banks in conducting green financial business.This paper firstly introduces the specific practice of green finance of agricultural banks in terms of their development history,development status and green business,then analyzes the motives of green finance business of agricultural banks,and at the same time summarizes some successful experiences in the process of green finance business of agricultural banks,which can provide useful reference for the development of green finance business of other banks.Later,using the method of comparative analysis,two commercial banks,ICBC and Industrial Bank,were selected for comparison with them,and the problems of agricultural banks in the process of green finance business were summarized based on the case study of agricultural banks and the comparative analysis,and finally several suggestions were made to improve the green finance business operation of agricultural banks from both government and bank perspectives based on the analyzed problems: At the government level,for example,the government should unify information disclosure standards and strengthen the construction of green financial incentive mechanisms.Banks should continue to improve the green information disclosure mechanism,improve the innovation ability of green products,strengthen the construction of professional talents,enrich the talent team as well as further improve the risk prevention and control ability.