Research on Policy for Finance Supporting the Development of Green Industry—A Case Study of Chongqing in China

Abstract

The Chinese government has put forward the national strategy of protecting the Yangtze River in 2016, deeply promoted the protection and restoration of the ecological environment of the Yangtze River. Chongqing being the last gateway of the ecological barrier in the upper reaches of the Yangtze River plays an important role in promoting the green development of the Yangtze River Economic Belt, because it is located in the hinterland of the Three Gorges Reservoir Area. This paper concludes firstly that SMEs in green industry face serious financing constraints, and there are some problems in the development of green industry and green finance by investigating on the spot the green industry enterprises and financial institutions in Chongqing. Then, it expounds the functional mechanism of financial policy on green industry development. Finally, based on the actual situation of Chongqing, this paper puts forward policy recommendations to promote the development of green industry, which may provide decision-making reference for other regions to formulate the policies on green industry development.