ISSN: 2222-6990
Open access
The COVID-19 epidemic not only poses challenges to natural ecology, people's health and economic development, but also affects the financial sector through the real economy and poses risks to the banking system. China's indirect financing system, which is dominated by commercial banks, has caused banks to face major challenges in the structural allocation of credit assets. This study is based on the background of epidemic and green transition, in the face of the epidemic risk problem, the Chinese government attaches great importance to environmental governance and has introduced corresponding credit support policies, this study continues to examine how commercial banks passively adjust their credit asset structure allocation under the constraints of the green transition policy of environmental governance through the double-difference method. The research finds that the Chinese government promotes green transformation, and national and local commercial banks passively respond to and implement the green credit policy by shifting their credit resources from highly polluting industries to green projects. Compared with local commercial banks, national commercial banks will be more inclined to respond to the green credit policy. Exploring the impact of the epidemic on the structural allocation of bank credit assets not only enriches the theoretical study of the economic consequences of the epidemic, but also has important practical significance for preventing financial risks, serving the real economy and promoting high-quality economic development.
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