A Study On The Impact Of Green Finance On The High-Quality Development Of Chinese Economy

At the Fifth Plenary Session of the 18th CPC Central Committee,the country took "innovation,coordination,green,openness and sharing" as the five development concepts,which is the first time that China has promoted the concept of "green" to the national level.In the party’s 19 big meeting,the report points out that our country has entered a new era,determine the development of a new historical position in our country,the past only the pursuit of rapid economic growth has become a history,all-round high quality economic development is the way to the development of our country,under the new development concept,we should pay more attention to the quality of the development,adhere to the principle of quality first.Finance is a booster for the development of the real economy,injecting vitality and fresh blood into the development of the real economy,and constantly meeting the needs of the Chinese people for a better life.By maintaining the stability of the financial system,we will constantly promote the development of green finance,realize the coordinated development of the economy and the environment,and take the road of sustainable economic development.In this background,in order to clarify the relationship between green finance and economic quality development,in terms of theoretical research,the article through the relevant literature at home and abroad,summarizes the connotation of the two and measurement research,combing the relevant theoretical basis,from the three aspects of industry,economic sustainable and technical analysis of the influence mechanism between the two.In empirical analysis,first of all,the 26 provinces(city,area)as a research object,from the green investment,credit,securities,insurance,four dimensions,build green financial index evaluation system,from the innovation,coordination,green,open,sharing five dimensions,build high quality economic development index evaluation system,based on the entropy method of 2010-2020 data,it is concluded that green finance and economic development of high quality comprehensive index.Secondly,by constructing benchmark and intermediary models,the conclusion that green finance has a significant effect on high-quality economic development.This significant facilitation is manifested not only in the direct facilitation effect,but also in the mediation facilitation effect.Through heterogeneity analysis,China is divided into three parts,eastern,central and western.At the same time,according to the differences in science and education level and marketization degree,26 provinces in China are classified to explore how green finance affects high-quality economic development.Finally,through the dimensional analysis,it is found that green finance has the most significant promoting effect on economic innovation and development.Based on this,in order to better play the role of promoting green finance,this article puts forward relevant development suggestions from four aspects of financial system,laws and regulations,green industry and green awareness,aiming to continuously improve the development of green finance.