<!DOCTYPE article
PUBLIC "-//NLM//DTD JATS (Z39.96) Journal Publishing DTD v1.4 20190208//EN"
       "JATS-journalpublishing1.dtd">
<article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" article-type="research-article" dtd-version="1.4" xml:lang="en">
 <front>
  <journal-meta>
   <journal-id journal-id-type="publisher-id">Strategizing: Theory and Practice</journal-id>
   <journal-title-group>
    <journal-title xml:lang="en">Strategizing: Theory and Practice</journal-title>
    <trans-title-group xml:lang="ru">
     <trans-title>Cтратегирование: теория и практика</trans-title>
    </trans-title-group>
   </journal-title-group>
   <issn publication-format="print">2782-2435</issn>
   <issn publication-format="online">2782-2621</issn>
  </journal-meta>
  <article-meta>
   <article-id pub-id-type="publisher-id">82460</article-id>
   <article-id pub-id-type="doi">10.21603/2782-2435-2024-4-2-149-160</article-id>
   <article-categories>
    <subj-group subj-group-type="toc-heading" xml:lang="ru">
     <subject>Национальные и региональные стратегии</subject>
    </subj-group>
    <subj-group subj-group-type="toc-heading" xml:lang="en">
     <subject>National and Regional Strategies</subject>
    </subj-group>
    <subj-group>
     <subject>Национальные и региональные стратегии</subject>
    </subj-group>
   </article-categories>
   <title-group>
    <article-title xml:lang="en">Strategic Development of Green Financing in China</article-title>
    <trans-title-group xml:lang="ru">
     <trans-title>Стратегическое развитие «зеленого» финансирования в Китае</trans-title>
    </trans-title-group>
   </title-group>
   <contrib-group content-type="authors">
    <contrib contrib-type="author">
     <contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-8205-2140</contrib-id>
     <name-alternatives>
      <name xml:lang="ru">
       <surname>Никоноров</surname>
       <given-names>Сергей Михайлович</given-names>
      </name>
      <name xml:lang="en">
       <surname>Nikonorov</surname>
       <given-names>Sergey M.</given-names>
      </name>
     </name-alternatives>
     <email>nico.73@mail.ru</email>
     <xref ref-type="aff" rid="aff-1"/>
    </contrib>
    <contrib contrib-type="author">
     <name-alternatives>
      <name xml:lang="ru">
       <surname>Папенов</surname>
       <given-names>Константин Владимирович</given-names>
      </name>
      <name xml:lang="en">
       <surname>Papenov</surname>
       <given-names>Konstantin V.</given-names>
      </name>
     </name-alternatives>
     <email>papenov-kv@yandex.ru</email>
     <xref ref-type="aff" rid="aff-2"/>
    </contrib>
    <contrib contrib-type="author">
     <name-alternatives>
      <name xml:lang="ru">
       <surname>Цзя</surname>
       <given-names>Ивэнь </given-names>
      </name>
      <name xml:lang="en">
       <surname>Jia</surname>
       <given-names>Yiwen </given-names>
      </name>
     </name-alternatives>
     <email>jiayiwen199@gmail.com</email>
     <xref ref-type="aff" rid="aff-3"/>
    </contrib>
   </contrib-group>
   <aff-alternatives id="aff-1">
    <aff>
     <institution xml:lang="ru">Московский государственный университет имени М. В. Ломоносова</institution>
     <city>Москва</city>
     <country>Россия</country>
    </aff>
    <aff>
     <institution xml:lang="en">Lomonosov Moscow State University</institution>
     <city>Moscow</city>
     <country>Russian Federation</country>
    </aff>
   </aff-alternatives>
   <aff-alternatives id="aff-2">
    <aff>
     <institution xml:lang="ru">Московский государственный университет им. М. В. Ломоносова</institution>
     <city>Москва</city>
     <country>Россия</country>
    </aff>
    <aff>
     <institution xml:lang="en">Lomonosov Moscow State University</institution>
     <city>Moscow</city>
     <country>Russian Federation</country>
    </aff>
   </aff-alternatives>
   <aff-alternatives id="aff-3">
    <aff>
     <institution xml:lang="ru">Московский государственный университет имени М. В. Ломоносова</institution>
     <city>Москва</city>
     <country>Россия</country>
    </aff>
    <aff>
     <institution xml:lang="en">Lomonosov Moscow State University</institution>
     <city>Moscow</city>
     <country>Russian Federation</country>
    </aff>
   </aff-alternatives>
   <pub-date publication-format="print" date-type="pub" iso-8601-date="2024-04-26T08:40:10+03:00">
    <day>26</day>
    <month>04</month>
    <year>2024</year>
   </pub-date>
   <pub-date publication-format="electronic" date-type="pub" iso-8601-date="2024-04-26T08:40:10+03:00">
    <day>26</day>
    <month>04</month>
    <year>2024</year>
   </pub-date>
   <volume>4</volume>
   <issue>2</issue>
   <fpage>149</fpage>
   <lpage>160</lpage>
   <history>
    <date date-type="received" iso-8601-date="2024-03-05T00:00:00+03:00">
     <day>05</day>
     <month>03</month>
     <year>2024</year>
    </date>
    <date date-type="accepted" iso-8601-date="2024-03-20T00:00:00+03:00">
     <day>20</day>
     <month>03</month>
     <year>2024</year>
    </date>
   </history>
   <self-uri xlink:href="https://jstrategizing.ru/en/issues/22566/22567/">https://jstrategizing.ru/en/issues/22566/22567/</self-uri>
   <abstract xml:lang="ru">
    <p>С ростом проблемы глобального изменения климата и осознанием людей о необходимости защиты окружающей среды «зеленые» финансы как развивающаяся область финансовых услуг привлекают внимание инвесторов, политиков и представителей всех слоев общества. Под «зелеными» финансами понимается использование финансовых инструментов и механизмов для обеспечения финансовой поддержки и гарантий строительства экологически чистой и низкоуглеродной экономики для охраны окружающей среды, устойчивого развития и эффективности использования ресурсов. Стратегическое развитие «зеленого» финансирования может помочь не только внедрить социальный капитал в «зеленую» промышленность для развития «зеленой» экономики, но и оптимизировать распределение социальных ресурсов и создать дополнительные точки экономического роста. В данной статье рассматривается текущая ситуация стратегирования «зеленого» финансирования в Китае, процесс и проблемы развития, а также предлагаются стратегические рекомендации.</p>
   </abstract>
   <trans-abstract xml:lang="en">
    <p>The growing severity of global climate change increases public environmental awareness. As a result, green financing has become a prospective area of financial services that attracts attention of investors, policymakers, and other stakeholders. Green financing means using financial tools and mechanisms to provide financial support for a green and low-carbon economy, as well as to promote environmental protection, sustainable development, and resource efficiency. Green finance not only introduces social capital into the green industry and the green economy, but also optimizes the allocation of social resources and creates new points of economic growth. This article reviews the current state of green financing in China. The authors analyzed the related development processes, defined the key challenges, and proposed some policy  ecommendations.</p>
   </trans-abstract>
   <kwd-group xml:lang="ru">
    <kwd>«зеленое» финансирование</kwd>
    <kwd>финансовое развитие</kwd>
    <kwd>устойчивое развитие</kwd>
    <kwd>социальное развитие</kwd>
   </kwd-group>
   <kwd-group xml:lang="en">
    <kwd>green finance</kwd>
    <kwd>financial development</kwd>
    <kwd>sustainable development</kwd>
    <kwd>social development</kwd>
   </kwd-group>
  </article-meta>
 </front>
 <body>
  <p></p>
 </body>
 <back>
  <ref-list>
   <ref id="B1">
    <label>1.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Бобылев С. Н., Кирюшин П. А., Кошкина Н. Р. Новые приоритеты для экономики и зеленое финансирование // Экономическое возрождение России. 2021. Т. 67. № 1. С. 152–166. https://doi.org/10.37930/1990-9780-2021-1-67-152-166</mixed-citation>
     <mixed-citation xml:lang="en">Bobylev SN, Kiryushin PA, Koshkina NR. New priorities for the economy and green finance. Economic Revival of Russia. 2021;67(1):152–166. (In Russ.) https://doi.org/10.37930/1990-9780-2021-1-67-152-166</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B2">
    <label>2.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Квинт В. Л. К анализу формирования стратегии как науки // Вестник ЦЭМИ. 2018. № 1. https://doi.org/10.33276/S0000121-6-1</mixed-citation>
     <mixed-citation xml:lang="en">Kvint VL. To the analysis of the formation of a strategy as a science. Vestnik CEMI. 2018;(1). (In Russ.) https://doi.org/10.33276/S0000121-6-1</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B3">
    <label>3.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Квинт В. Л., Новикова И. В., Алимурадов М. К. Согласованность глобальных и национальных интересов с региональными стратегическими приоритетами // Экономика и управление. 2021. Т. 27. № 11. С. 900–909. https://doi.org/10.35854/1998-1627-2021-11-900-909</mixed-citation>
     <mixed-citation xml:lang="en">Kvint VL, Novikova IV, Alimuradov MK. Alignment of global and national interest with regional strategic priorities. Economics and Management. 2021;27(11):900–909. (In Russ.) https://doi.org/10.35854/1998-1627-2021-11-900-909</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B4">
    <label>4.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Никоноров С. М., Елисеев Е. А. Привлечение «зеленых» инвестиций в отрасль переработки отходов // Менеджмент в России и за рубежом. 2020. № 5. С. 91–99.</mixed-citation>
     <mixed-citation xml:lang="en">Nikonorov SM, Eliseev EA. Attraction of “green” investments in the waste processing industry. Menedzhment v Rossii i za rubezhom [Management in Russia and Abroad]. 2020;(5):91–99. (In Russ.)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B5">
    <label>5.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Никоноров С. М., Мамий И. П., Чжоу Ц. Проблемы и перспективы достижения углеродной нейтральности в условиях устойчивого развития экономики Китая // Инновации и инвестиции. 2023. № 1. С. 26–32.</mixed-citation>
     <mixed-citation xml:lang="en">Nikonorov SM, Mamiy IP, Zhou C. Problems and prospects of achieving carbon neutrality in the context of sustainable development of the Chinese economy. Innovation and Investment. 2023;(1):26–32. (In Russ.)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B6">
    <label>6.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Bartik T. J. The effects of environmental regulation on business location in the United States // Growth and Change. 2006. Vol. 19. № 3. P. 22–44. https://doi.org/10.1111/j.1468-2257.1988.tb00473.x</mixed-citation>
     <mixed-citation xml:lang="en">Bartik TJ. The effects of environmental regulation on business location in the United States. Growth and Change. 2006;19(3):22–44. https://doi.org/10.1111/j.1468-2257.1988.tb00473.x</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B7">
    <label>7.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Cao D., Zhao X., Yang W. Development mechanism and policy innovation of China's green economy // Chinese Journal of Population, Resources and Environment. 2012. № 5. P. 48–54. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Cao D, Zhao X, Yang W. Development mechanism and policy innovation of China's green economy. Chinese Journal of Population, Resources and Environment. 2012;(5):48–54. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B8">
    <label>8.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Cao M., Wang W. Prospects for the development of green bonds // China Finance. 2015. № 10. P. 14–16. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Cao M, Wang W. Prospects for the development of green bonds. China Finance. 2015;(10):14–16. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B9">
    <label>9.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Cao M. Reflections on the innovation of green finance management system and mechanism in China // Environmental Protection. 2016. № 10. P. 15–17. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Cao M. Reflections on the innovation of green finance management system and mechanism in China. Environmental Protection. 2016;(10):15–17. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B10">
    <label>10.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Deng X. Review of green finance research // Journal of China University of Finance and Economics. 2012. № 6. P. 67–71. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Deng X. Review of green finance research. Journal of China University of Finance and Economics. 2012;(6):67–71. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B11">
    <label>11.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Dong L., Zhang H. Environmental objectives in the 2030 agenda for sustainable development and its implications on the world and China in environmental governance // Chinese Journal of Population, Resources and Environment. 2016. № 1. P. 8–15. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Dong L, Zhang H. Environmental objectives in the 2030 agenda for sustainable development and its implications on the world and China in environmental governance. Chinese Journal of Population, Resources and Environment. 2016;(1):8–15. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B12">
    <label>12.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Dong X. Green finance: existing problems and system construction // Contemporary Economic Management. 2015. № 9. P. 94–97. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Dong X. Green finance: existing problems and system construction. Contemporary Economic Management. 2015;(9):94–97. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B13">
    <label>13.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Economic and health benefits of the co-reduction of air pollutants and greenhouse gases / Y.-L. Chen [et al.] // Mitigation and Adaptation Strategies for Global Change. 2013. Vol. 18. P. 1125–1139. https://doi.org/10.1007/s11027-012-9413-3</mixed-citation>
     <mixed-citation xml:lang="en">Chen Y-L, Shih Y-H, Tseng C-H, Kang S-Y, Wang H-C. Economic and health benefits of the co-reduction of air pollutants and greenhouse gases. Mitigation and Adaptation Strategies for Global Change. 2013;18:1125–1139. https://doi.org/10.1007/s11027-012-9413-3</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B14">
    <label>14.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Gray W. B., Shabegian R. J. Pollution abatement cost, regulation and plant-level productivity. NBER Working Paper. 1995.</mixed-citation>
     <mixed-citation xml:lang="en">Gray WB, Shabegian RJ. Pollution abatement cost, regulation and plant-level productivity. NBER Working Paper. 1995.</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B15">
    <label>15.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Guo C., Liu Y., Yang X. Investment and financing on China's environmental protection industry: problems and solutions // Chinese Journal of Population, Resources and Environment. 2015. № 8. P. 92–99. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Guo C, Liu Y, Yang X. Investment and financing on China's environmental protection industry: problems and solutions. Chinese Journal of Population, Resources and Environment. 2015;(8):92–99. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B16">
    <label>16.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Health impact of air pollution to children / R. J. Sram [et al.] // International Journal of Hygiene and Environmental Health. 2013. Vol. 216. № 5. P. 533–540. https://doi.org/10.1016/j.ijheh.2012.12.001</mixed-citation>
     <mixed-citation xml:lang="en">Sram RJ, Binkova B, Dostal M, Merkerova-Dostalova M, Libalova H, Milcova A, et al. Health impact of air pollution to children. International Journal of Hygiene and Environmental Health. 2013;216(5):533–540. https://doi.org/10.1016/j.ijheh.2012.12.001</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B17">
    <label>17.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Jeucken M. Sustainable finance and banking. The financial sector and the future of the planet. London: Routledge, 2001. 320 p.</mixed-citation>
     <mixed-citation xml:lang="en">Jeucken M. Sustainable finance and banking. The financial sector and the future of the planet. London: Routledge; 2001. 320 p.</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B18">
    <label>18.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Li Z. General idea about the new exploration of developing green economy in China // Chinese Journal of Population, Resources and Environment. 2013. № 4. P. 11–17. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Li Z. General idea about the new exploration of developing green economy in China. Chinese Journal of Population, Resources and Environment. 2013;(4):11–17. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B19">
    <label>19.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Liu Y., Pan Y., Chen G. Economic growth and environmental quality in an open economy – An empirical study based on Chinese provincial panel data // Journal of Shanghai University of Finance and Economics. 2006. Vol. 8. № 6. P. 50–57.</mixed-citation>
     <mixed-citation xml:lang="en">Liu Y, Pan Y, Chen G. Economic growth and environmental quality in an open economy – An empirical study based on Chinese provincial panel data. Journal of Shanghai University of Finance and Economics. 2006;8(6):50–57.</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B20">
    <label>20.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Ma J. Development and prospect of green finance in China // Comparison of Economic and Social Systems. 2016. № 11. P. 25–32. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Ma J. Development and prospect of green finance in China. Comparison of Economic and Social Systems. 2016;(11):25–32. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B21">
    <label>21.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Ma J. On the creation of China's green financial system // Financial Forum. 2015. № 5. P. 18–27. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Ma J. On the creation of China's green financial system. Financial Forum. 2015;(5):18–27. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B22">
    <label>22.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Ma W. Opportunities and problems of green economy development // Business Forum. 2014. № 2. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Ma W. Opportunities and problems of green economy development. Business Forum. 2014;(2). (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B23">
    <label>23.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Pan X. Green finance in China: Realistic dilemma and countermeasures // Modern Economic Management. 2017. № 3. P. 86–89. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Pan X. Green finance in China: Realistic dilemma and countermeasures. Modern Economic Management. 2017;(3):86–89. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B24">
    <label>24.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Salazar J. Environment finance: Linking two word // Financial Innovations for Biodiversity. Bratislava, 1998. P. 2–18.</mixed-citation>
     <mixed-citation xml:lang="en">Salazar J. Environment finance: Linking two word. Financial Innovations for Biodiversity. Bratislava; 1998. pp. 2–18.</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B25">
    <label>25.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Sun Y., Jing P. A study on green transition mode and transition path of resource-based regions // China Soft Science. 2012. № 12. P. 152–161. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Sun Y, Jing P. A study on green transition mode and transition path of resource-based regions. China Soft Science. 2012;(12):152–161. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B26">
    <label>26.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Wang H. Current opportunities and challenges facing China in green economy development // Science and Technology Perspectives. 2014. № 391. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Wang H. Current opportunities and challenges facing China in green economy development. Science and Technology Perspectives. 2014;(391). (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B27">
    <label>27.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Wang Y., Zhang X. Building environmental finance from an ecological civilization perspective // Studies in Socialism with Chinese Characteristics. 2015. № 2. P. 96–100. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Wang Y, Zhang X. Building environmental finance from an ecological civilization perspective. Studies on Socialism with Chinese Characteristics. 2015;(2):96–100. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B28">
    <label>28.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Yang Y., Hao X., Yang Z. International best practices of green development and its inspiration for China // Journal of Xinjiang Normal University. 2017. № 2. P. 18–24. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Yang Y, Hao X, Yang Z. International best practices of green development and its inspiration for China. Journal of Xinjiang Normal University. 2017;(2):18–24. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B29">
    <label>29.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Yu L. Research on green finance development and innovation // Economic Issues. 2016. № 1. P. 78–81. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Yu L. Research on green finance development and innovation. Economic Issues. 2016;(1):78–81. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
   <ref id="B30">
    <label>30.</label>
    <citation-alternatives>
     <mixed-citation xml:lang="ru">Zhu D. New concept of green economy and consideration of deepening green economy studies in China // Chinese Journal of Population, Resources and Environment. 2012. № 5. P. 40–47. (In Chinese)</mixed-citation>
     <mixed-citation xml:lang="en">Zhu D. New concept of green economy and consideration of deepening green economy studies in China. Chinese Journal of Population, Resources and Environment. 2012;(5):40–47. (In Chinese)</mixed-citation>
    </citation-alternatives>
   </ref>
  </ref-list>
 </back>
</article>
