The Green Bond Issuance Of Agricultural Bank Of China Motivation And Effect Analysis

In recent years,China has continued to increase policy efforts with the goal of "double carbon" to stimulate the financing needs of enterprises in green-related industries and accelerate the transformation of China’s economy.Green bonds,as an important green financial product in the financial system,have also ushered in a new opportunity for development.In recent years,the supply and demand sides of China’s green bond market have been working together,showing a win-win trend,mainly due to the support of relevant policies,continuous optimization of the market structure and continuous improvement of the regulatory system,which has led to less obstruction of capital flow in the green bond market,increased efficiency of resource allocation and decreasing risk of maturity mismatch.In the future,low-carbon economy with sustainable development as the goal will be paid more and more attention,and the supporting institutional system of the market will be further improved.As a pioneer in issuing green bonds,commercial banks have accumulated rich experience in issuing green bonds,and the research on their issuance of green bonds has extensive significance.Agricultural Bank of China(hereinafter referred to as Agricultural Bank)has been implementing the concept of green development,contributing to the Green Development Fund,promoting the development and innovation of green finance,and achieving impressive results in the business related to green bonds.This paper takes the launch of green bonds by Agricultural Bank as a research case to analyze the motivation and impact of its issuance.Firstly,it briefly summarizes the information about green bonds;secondly,it introduces the case,including the introduction of Agricultural Bank,the issuance process and motive of green bonds;finally,it analyzes the impact of issuing green bonds,including the impact on financial,share price and environmental protection,and makes a horizontal comparison with the situation of the same industry and draws conclusions.The contributions of this paper are:the study of green bond issuance in the form of a case study enriches the content of the case library,the study of the motives of green bond issuance by agricultural banks and its effects increases the horizon of corporate social responsibility research,and provides reference and reference for the subsequent issuance of green bond issuance.Its practical significance is reflected in:first,learning from the rich management experience accumulated by commercial banks in green finance practice,providing reference for other enterprises to carry out green bond business;second,discovering the difficulties and challenges faced in green bond business,promoting its solution and improvement,and contributing to further enriching China’s green bond institutional framework;third,helping both financing enterprises and investors to have a deeper understanding of green Thirdly,it helps both financing enterprises and investors to have a deeper understanding of green bonds as an emerging financial instrument,and also provides some experience for financing enterprises to carry out the issuance of green bonds.