Special Topic | Talking about the spear and shield of green finance in the sustainable development of the electronic information industry

The electronic information industry is a strategic, basic and leading industry in the mainland, mainly including electronic information manufacturing, software and information and technical services, and is the backbone of promoting new industrialization. According to data from the Ministry of Industry and Information Technology, in 2021, the revenue above designated size of the mainland's electronic information industry will reach 23.63 trillion yuan, the import value of electronic information products will be 5,400.8 billion yuan, and the export value will be 6,318.3 billion yuan. According to a report by the International Association of Electronics and Information Technology, the global electronic information manufacturing industry will generate $2.3 trillion in revenue in 2022, with mainland China accounting for 28.9%. The development of the mainland's electronic information industry has achieved good results, but the ever-changing market demand and competitive environment still need to continue to innovate and improve product quality. At the same time, it is more necessary for the government, financial institutions, industry organizations and enterprises to strengthen cooperation, increase support and investment in the electronic information industry, and promote the sustainable development of the mainland's electronic information industry.

The prosperity of the market, the innovation of production tools, and the development of industries are inseparable from the escort and constraints of finance, and the globalization of supply and marketing relations has affected the growth and evolution of the mainland's financial and electronic information industries. On August 31, 2016, the People's Bank of China and other seven departments issued the "Guiding Opinions on the Construction of a Green Financial System" on the definition of green finance, the value of green finance is to provide financial services to support environmental improvement, climate change and resource conservation and efficient use of economic activities, and to guide the green, high-quality and sustainable development of local economies and industries with financial constraints. As a strategic, basic and leading industry on the mainland, the electronic information industry is the foundation of the country's new industrialization system and the source of innovation for new productive forces.

As a financial giant that emerged with the economic development of the mainland in the new era and the needs of international integration and globalization, green finance can realize that lucid waters and lush mountains are invaluable assets, empower local green wealth, and benefit the people of China through financial services integrated with the high-quality revitalization and development of the electronic information industry and local economy, which is a topic worth pondering.

In the face of the uncertainty of global economic development, the demand for new industrialization and new quality productivity in the mainland, and the need for high-quality and sustainable development of the electronic information industry, this paper combines the global green investment trend and the development trend of the integration of green finance + industry in the mainland.

Wang Liansheng, Founding Member and Deputy Secretary-General of the Green Finance Committee of China Green Supply Chain Alliance

The advantage of the spear is to "pierce" the risk and stabilize the industry

"If you want to do a good job, you must first sharpen your tools." Before realizing the goal of green finance to promote lucid waters and lush mountains are invaluable assets, we must first figure out who is the main body of economic activities to complete environmental improvement, climate change and resource conservation and efficient use, secondly, we must understand how green finance should play the role of financial escort and constraint, and finally we must clearly understand what the spear of green finance is and whether it is sharp enough.

First, we must know that lucid waters and lush mountains are invaluable assets, which means that local economic planning, industrial introduction, and enterprise development should coexist harmoniously with local resources, environment, and humanity, so as to develop local characteristics, customize industries, introduce supporting enterprise groups, and promote industrial economy, so as to protect lucid waters and lush mountains, optimize the business environment, help enterprises operate with high quality, and promote the sustainable development of industries. Then the first-level subjects to complete the "economic activities of environmental improvement, climate change response and resource conservation and efficient utilization" should be local governments at all levels, from small villages and towns, to large provinces and cities, and even cross-regional economic associations; As the main body of local industrial economic development, enterprises are the core subjects that have the greatest impact on the environment, climate and resources. The second is to clarify and clarify the main relationship between the completion of "environmental improvement, climate change response and resource conservation and efficient use of economic activities", green finance should unite local governments and joint economies and related industry organizations, anchor local economic development, industrial cluster investment and financial services, outline local industrial structure, optimize industrial structure green investment, introduce supporting enterprise groups, incubate characteristic local economic communities and industrial ecological groups, and build regional economic and industrial ecology. Escort the stable prosperity of the local economy and the sustainable development of the industry, gradually restrain enterprises with high waste, high pollution and low production capacity, and promote their transformation to high environmental protection, high utilization, high production capacity and high feedback, so as to achieve stable industrial upgrading. Third, green finance should be popular, empower the high-quality and sustainable development of local economy and industry, the most profitable spear is the management and executor, is that local governments at all levels from the governor to the mayor of the town understand the importance of economic development and green mountains and clear waters in place, have financial awareness, make good use of financial means to promote local economy and environmental protection, resource utilization, and sustainable development of industry, industrial (industry) organizations should clarify their social attributes and role value, and maximize the organizational think tank and industrial influence. The chairman of the enterprise should deeply understand the value and responsibility of sustainable development, practice responsibility, and promote partners to go together, the executor should be strict with himself and stick to the mission, and the green investor should uphold the responsibility and mission of harmonious coexistence of lucid waters and lush mountains and economic development, and take the responsibility of investment with standards, so that the financial services provided by green finance can pierce the investment risk, restore the prototype of local economy, industrial development and financial services, activate the vitality of industrial innovation, lead the technological height, help high-quality sustainable development, and lead the industrial direction. Ensure the green mountains and escort the stability and prosperity of the local economy.

The power of the shield activates industrial innovation and boosts the local economy

Shield, the power of defense. Under the background of the development of the mainland economy and new industrialization in the new era, the local industries are clustered, ecological, branded and diversified, which is the foundation of the construction of circular economy in the mainland and the foundation and soil for the development of new quality productive forces in the mainland. The power of the green financial shield should be loyal to the mission of harmonious coexistence of lucid waters and lush mountains and economic development, specialize in the construction of green financial ecology, dare to break through speculation, be good at activating industrial innovation, and be good at industrial green investment. The electronic information industry is a strategic, basic and leading industry in the mainland, the backbone of promoting new industrialization, and the force for the development of the mainland's high-tech industry.

To sum up, the shield of green finance in the industry, first, investors at all levels of green finance should be based on the "harmonious coexistence of lucid waters and lush mountains and economic development", closely follow the national development policy, conduct in-depth research on key industries, cooperate with local governments and relevant industry organizations, deepen the research and interpretation of national policies, and guide local governments at all levels to correctly understand the development of local characteristic economy and industrial layout, clarify development goals, improve the construction and management of business environment, introduce and attract industrial clusters in a targeted manner, and promote the linkage and sustainable development of regionalized industries from point to area. Accelerate the zoning and ecological construction of local industrial structure. The second is to strengthen the construction of a key industrialized financial service system for green finance, optimize the professional cultivation and certification system for green financial talents, incubate local and private high-quality financial service institutions, strengthen the cultivation of local government and corporate financial talents, and improve the national green financial system. The third is to strengthen linkage with local governments at all levels, industrial (industry) organizations, and global economic associations, introduce high-quality enterprises and investment capital, organize and carry out industrialization cluster investment, and smash domestic and foreign speculation. The fourth is to build a high-quality local business, investment and industrial development environment with local governments and industrial (industry) organizations, activate the vitality of industrial innovation, enhance the ability of innovation-driven development, aggregate scientific value creation, technological value creation, economic value creation, social value creation and cultural value creation capabilities, support the implementation of high-quality innovative technology transformation industries, assist the transformation of high-quality potential industries, and the innovation and redevelopment of enterprises with social responsibility, and promote the harmonious coexistence and sustainable development of high-quality local economy, industry and resources, environment and humanity. Safeguard local economic stability and prosperity.

Invest in rivers and lakes, both offensive and defensive, and endow local green wealth

Driven by the focus on environment, resource ecology and sustainable development in local economic development and industrial planning and investment, the linkage, clustering, regionalization and complementarity of the electronic information industry will become an inevitable trend of the local characteristic industrial economy of the electronic information industry in the mainland. In the face of the uncertainty of global economic development, the undercurrent of investment, the development momentum of the mainland's electronic information industry and derivatives industry is good, and global green investment is prevalent.

First, it is necessary to conduct in-depth research on the local economy and industry, combine the development theory of the international financial system and the practice of investment and financial services in the past 40 years of reform and opening up, continuously improve the green financial culture, system and talent team construction in line with the national conditions of the mainland and the development of the local economy and industry, strengthen the construction of the local financial system, and promote the construction of a financial power in the country.

Second, it is necessary to continuously optimize and improve the construction of the mainland financial talent cultivation system, improve the index assessment and certification of green financial talents, establish the professional, professional and forward-looking financial service literacy of green financial talents, and strengthen the training of financial talents needed for national and local economic construction and industrial development.

The third is to take professional, specialized, nationally integrated and forward-looking financial service talents as the spear, take the complete green financial service culture, system and system as the shield, focus on the local economy, industry and green investment in high-quality, high-social, high-productivity, and low-energy consumption enterprise groups, go deep into the locality, combine national policies, local characteristics, industrial characteristics, and investment needs, study and excavate local politics, environment, culture, economy and public ecology, and introduce compliant industries and enterprise investment groups. Promote the development of local industrial layout and advantageous investment.

In short, green finance should be good at using the contradictory power of finance in the development of the local economy and industry, "piercing" financial investment risks, breaking financial speculation, and having both offense and defense, so as to protect the sustainable development of the industry, help the local economy prosper, endow the people with green wealth, and promote the common prosperity of the country.

(This article was published in the first half of April 2024)