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《Theory Journal》 2018-03
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A Perspective of Green Transformation:Evolved Connotation,Development Model and Approaches

Wang Fengrong;Wang Kangshi;The Center for Economic Research of Shandong University;  
In the background that the green economy is forced to develop by the worsening resources and environment,the green finance is included in the national development strategy. As an important driving force to promote resource conservation and pollution reduction,it has developed rapidly but still cannot meet the growing demands for green investment. The existing related researches have emphasized more on the construction of green finance but ignored the intensional logic and the development model. The green finance has undergone a process of idea generation,compatible maxim and evolution of supply and demand. In the perspective of the intensional logic and the stages of green development,the development of green finance follows bottom-up and top-down models. China's follows the latter one. Essentially it is a mandatory institutional change led by the government to promote the green transformation of the economy. The development of green finance,on the one hand,should abide by the market principles to make the finance marketable,establish the information-sharing platform,improve green financial infrastructure and actively develop green economy. On the other hand,China should take the background of green transformation and the government-dominated reality into consideration to raise the level of the rule of law and perfect the regulations. Meanwhile,it should focus on strengthening the guidance of green policy to optimize the efficiency of green financial allocation and establish the synergetic and incentive mechanisms to support the green development.
【Fund】: 国家自然科学基金项目“异质性融资约束、企业并购与实体经济资本配置效率研究”(项目编号:71573159)的阶段性成果
【CateGory Index】: F832
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