Analysis of the Role Path of Green Credit Policies in Influencing Enterprises' Green Transformation through Bank Credit Allocation

Abstract

Green credit policy is the subject of study in this paper, which explores how it exerts influence on the green transformation of enterprises through bank credit allocation. As China's ecological civilization construction continues to deepen, green credit plays an important role in financial support for green development, and the effects and transmission mechanisms of related policies have attracted increasing attention. This study first reviews the development process and theoretical basis of green credit policies at home and abroad and analyzes the evolution characteristics and institutional framework of China's green credit policies. Then it constructs a theoretical model of the impact of green credit policies on the green transformation of enterprises and systematically dissects the three main channels of policy transmission from the perspective of bank credit allocation: First, use differentiated credit pricing mechanisms to direct funds to environmentally friendly enterprises. Second, by taking advantage of the requirements of environmental risk management, banks can adjust their credit structure, thereby indirectly forcing high-pollution enterprises to transform. Third, provide financial guarantees for green technological innovation and clean production through the support of green project financing. Empirical analysis shows that green credit policies have significantly increased banks' credit support for green industries, reduced the financing convenience for highly polluting enterprises, and led enterprises to independently carry out green transformation through the differentiation of funding costs. However, the study also noticed regional differences and insufficient policy coordination during the policy implementation period. In response to these problems, this paper presents policy proposals such as improving the green credit standard system, strengthening the bank green credit incentive and restraint mechanism, and building a diversified green financial product system in order to make the green credit policy more efficient in promoting the green transformation of enterprises, Boost the sustainable development of China's economy and society.