Opportunities and Challenges for The Development of Green Finance under the Background of Financial Technology

Abstract

Under the guidance of the "dual carbon" strategy, green finance has become the core support for China's economic transformation, and the rise of financial technology provides a key path for it to break through development bottlenecks. This article is based on policy evolution and market practice, systematically analyzing the internal mechanism of fintech empowering green finance, and focusing on exploring the application opportunities of technologies such as big data and blockchain in alleviating information asymmetry and innovating financial products; At the same time, we must face practical challenges such as the lack of data standards, prominent technical risks, and lagging regulation. Research has found that financial technology can significantly reduce the cost of identifying green credit. The practice of some green finance reform and innovation pilot zones shows that the cost reduction can reach 30% -40%, but it is necessary to build a sustainable development system through policy coordination, infrastructure construction, and talent cultivation. Based on the practices of Huzhou Bank's green credit management system (a case study of the Green Finance Reform and Innovation Pilot Zone) and multiple regulatory sandbox green finance pilots, a three-dimensional solution of "technological innovation institutional guarantee talent support" is proposed to provide practical reference for the high-quality development of green finance.