Proceedings of the 2nd International Conference on Public Management, Digital Economy and Internet Technology, ICPDI 2023, September 1–3, 2023, Chongqing, China

Research Article

The Impact of China's Green Bond Market on Environmental Protection: A Regression Approach

Download153 downloads
  • @INPROCEEDINGS{10.4108/eai.1-9-2023.2338786,
        author={Shaofeng  Zhang},
        title={The Impact of China's Green Bond Market on Environmental Protection: A Regression Approach},
        proceedings={Proceedings of the 2nd International Conference on Public Management, Digital Economy and Internet Technology, ICPDI 2023, September 1--3, 2023, Chongqing, China},
        publisher={EAI},
        proceedings_a={ICPDI},
        year={2023},
        month={11},
        keywords={green bonds china markets bond economy environmental protection regression approach},
        doi={10.4108/eai.1-9-2023.2338786}
    }
    
  • Shaofeng Zhang
    Year: 2023
    The Impact of China's Green Bond Market on Environmental Protection: A Regression Approach
    ICPDI
    EAI
    DOI: 10.4108/eai.1-9-2023.2338786
Shaofeng Zhang1,*
  • 1: Hong Kong University of Science and Technology
*Contact email: zsf19990204@gmail.com

Abstract

Over the past few years, green bonds have developed rapidly on China's stock market, making it the world's most active green bond market. Yet, little empirical research has been conducted on the market for green bonds in China. A problem exists significant research gap, particularly with regard to China's green bond market, despite there being a growing body information and literature on green bonds and their potential for environmental protection. In addition to its unique regulatory environment and rapid growth, the country has one of the largest green bond markets worldwide. In addition, there exist few investigations that assess the impact of green bonds on the environment using rigorous quantitative methods, such as regression analysis. Providing robust and generalizable findings is critical in this area. As a result, this study proposes the following research questions and hypotheses in order to fill these gaps. Compared to policy support, the impacts were insignificant and small. Moreover, the institutions support economic development indirectly through its effects on local economies. There will be tables and figures to illustrate both descriptive results and correlations and regressions. Green bonds on the Chinese market size is hypothesized to be positively correlated with environmental protection levels. As a result, the studies have immediate impact for building a green financial system and promoting coordinated evolution of the green bond economy.