Abstract
The rapid development and widespread application of digital technology such as the Internet, big data, and distributed technology greatly benefit expanding the scope of financial services and improving the availability of financial services, making financial services more targeted and providing more efficient financing services for various economic entities. This chapter focuses on the theoretical foundations of digital technology to promote green finance, summarizes the international experience of digital technology to support green and low-carbon development, introduces China’s practice of digital technology to support the development of green finance, discusses the problems that may be brought about by digital technology to promote the development of green finance, and gives relevant policy recommendations.
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Notes
- 1.
Resource allocation, risk management and market pricing.
- 2.
Green finance standard system, financial institution regulation and information disclosure requirements, incentive and restraint mechanism, green finance product and market system, and green finance international cooperation.
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Indirect network effect: the value of a two-sided platform to one participant depends on the number of participants on the other, and the more participants on one side can interact with the more participants on the other side, the more value that participant realizes.
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Data source: Sustainable Digital Finance in Asia: Creating Environmental Impact Through Bank Transformation.
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Data source: www.stockholmgreenfin.tech
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Data source: a video speech delivered by Yi Gang, governor of the People’s Bank of China, at the Singapore Fintech Festival on Dec.9.
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Specifically: to reach an agreement with a competing operator, fix or change commodity prices and restrict the quantity of production or sale of commodities, etc.
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Specifically: operators merge; one business operator acquires control over another business operator by acquiring equity or assets; business operators acquire control rights over other business operators through contracts or other means or can exert decisive influence on other business operators.
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© 2024 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
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Zhang, W., Zhao, D. (2024). The Current Development and Future Expectation of Green Finance in China Under the Background of Digital Technology. In: Green Finance in China. Contributions to Finance and Accounting. Springer, Singapore. https://doi.org/10.1007/978-981-97-1287-8_5
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DOI: https://doi.org/10.1007/978-981-97-1287-8_5
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Publisher Name: Springer, Singapore
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Online ISBN: 978-981-97-1287-8
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