The Path of Financial Institutions to Develop Green Finance to Support the Conversion of New and Old Kinetic Energy in Shandong Province

Abstract

Green finance, as an important driving force and support for economic development, has been playing an irreplaceable role since Shandong province began to build comprehensive pilot zones for the conversion of old and new driving forces. In order to further explore the financial institutions to develop green financial support to the realization of the old and the new kinetic energy conversion path, release more potential to help financial institutions and the function, this article system combing the preliminary results of old and new kinetic energy conversion in Shandong province, and the green credit, as a typical example of green finance, its action mechanism were analysed, the result shows that the enterprise’s development and mutual restriction relations between green finance. Based on this, this paper puts forward the proposed path for financial institutions to develop green finance to support the transformation of old and new driving forces in Shandong Province.