| In more than 40 years of reform and opening-up,China has developed rapidly and grown into the world’s second largest economy.During this process,China also faced a series of problems of resources and environment.With the continuous introduction of policies,green industry and low-carbon development have become the future direction of development.As the main provider of funds,banks can gain benefits and improve their competitiveness in the process of financing green industries.Therefore,it is very important to study the influence of banks to carry out green credit business on themselves to promote Chinese banks to develop green credit business and promote green low-carbon sustainable and healthy development of the economy.At the same time,with the rapid development of fintech,banks will also apply fintech when carrying out green credit business,which has an impact on the relationship between green credit and operating efficiency of banks.In this context,the paper will study the influence of green credit business on operating efficiency and the regulatory effect of fintech from both theoretical and empirical perspectives.This paper firstly combs domestic and foreign researches on green credit,bank operating efficiency and financial technology,and then introduces the status of green credit development in China.Then it starts from the theory of sustainable development in finance,corporate social responsibility theory,bank environmental risk management theory and bank competitiveness theory.The paper also analyzes the mechanism of green credit affecting bank operating efficiency and fintech regulatory effect and puts forward research hypothesis.In the empirical part,the data of 52 domestic banks from 2011 to 2021 are selected as samples for research,and the DEA-Malmquist model is used to measure the operating efficiency of banks.Then the empirical regression draws the following conclusions:First,green credit plays a significant role in promoting the operating efficiency of banks.Second,adding the regulatory effect of fintech,the positive influence of green credit on the operating efficiency of banks will be strengthened.Banks with higher fintech level can better carry out green credit business by technology accumulation,and various fintech can be applied in green credit business to further improve the operating efficiency of banks.Third,the regional characteristics of banks’ operation have a heterogeneous impact on the development of green credit.The development of green credit by national banks has a strong positive impact.Limited by their own strength,regional banks should first ensure their own operation and development,and then carry out certain green credit business.At present,the effect of green credit development is not obvious.Based on this,this paper puts forward relevant countermeasures and suggestions from three perspectives:government,external development of banks and internal management of banks.The government should give full play to its economic functions,strengthen the coordination and incentive of fiscal policy and regulatory policy for the development of green credit of banks,strengthen the support of fiscal policy for the development of green credit of banks,improve the enthusiasm of the development of green credit of banks,and vigorously encourage regional banks and small and medium-sized banks to actively carry out green credit business.In the process of external development,banks should enhance their understanding of green credit development and further implement the Equator Principles and other international norms.Meanwhile,banks should strengthen the risk management of loans and increase the application of fintech in green credit business when issuing green credit.In the process of internal management,banks should strengthen the quality of environmental information disclosure,enhance their green reputation,vigorously train green credit and fintech talents,and give play to their own advantages. |
