Analysis Of The Effect Of Industrial Bank Issuing Green Bonds

How to coordinate economic development and environmental protection is a continuously explored issue in China’s long-term policy practice.Since the reform and opening up,extensive development has driven rapid progress in China’s social and economic development,but it has also caused serious ecological problems such as excessive development,resource waste,and environmental imbalance.With the rise of the concepts of "carbon neutrality" and "carbon peaking",China urgently needs to change to an intensive,comprehensive,coordinated and sustainable production mode to promote high-quality development of the national economy.In the report of the20 th National Congress of the Communist Party of China,it is required to firmly establish and practice the concept that green waters and mountains are golden mountains and silver mountains,and plan for development from the perspective of harmonious coexistence between humans and nature.The transformation of green development mode requires sufficient funding support,and green bonds raise green development funds under market guidance and interest linkage mechanisms to promote healthy economic development.As an important component of the domestic financial system,commercial banks are the main force in the issuance of green bonds,playing an irreplaceable role in the allocation of market resources.The effectiveness of green bond issuance can have a significant impact on the future development of domestic green bonds,and is a key link in promoting the green and low-carbon transformation of the economy.This paper selects Industrial Bank as the research object.Industrial Bank,as the earliest,longest and largest commercial bank in China to issue green finance bonds,its issuance effect has significant reference and reference significance for the same industry and even the entire green bond market.This paper takes it as the research object,which has certain practical significance.In the background introduction section,this article reviews the policy background and industry background,deeply analyzes the motivation for Industrial Bank to issue green bonds,and clarifies the external and internal driving factors and incentive mechanisms;In the main analysis part of the paper,starting from the market and financial effects,the event study is used to study the short-term stock price effect of Industrial Bank’s issuance of green bonds,and then the financial index method and factor analysis method are used to evaluate the financial performance by building a comprehensive index evaluation system.In order to remove the impact of interference factors as far as possible,the thinking of comparative analysis runs through it.Based on the analysis conclusion of this article,summarize the experience and inspiration of Industrial Bank in issuing green bonds,analyze the special risks and potential problems faced by green bonds,and propose corresponding optimization suggestions,in order to provide reference and reference for other commercial banks to issue green bonds in the future and build a green bond market with domestic characteristics.