Green Finance and Urban Development: Evidence from Cities in China

Green finance drives urban development, and plays a key role in Beautiful China Initiative. Since Integrated Reform Plan for Promoting Ecological Progress was published in 2015, each province and cities in China actively responds and implements this policy. This essay uses a systematic review method to sort relevant domestic and international documents, and is written to study the impact of green finance on urban development. By sorting the documents, we find that green finance plays positive effect on cities’ green development and high-quality economic development. Based on these findings, this paper will further focus on urban green development, differentiation policy to promote inclusive growth and the spirit of the 20th National Congress must be put into effect in relevant policies and data. These four aspects will be used to look forward to the future development of research on this topic. This essay makes up the gap in the relatively scarce comprehensive research on green finance and urban development and plays a practical role in promoting green development and greener social development.