Fintech supported sustainable development and financial center construction

By BEN Shenglin¹ and DAI Xinzhu²

(1. Dean of Zhejiang University International Business School and Dean of Financial Technology Research Institute; 2. Associate Professor of Zhejiang University International Business School and Director of the Law and Finance Research Office)

Abstract: Globally, concerns about sustainable development have triggered extensive discussions and changes in the financial field. As a traditional financial center, in the face of emerging challenges, how to find balance in the green financial market has become one of the important topics that the financial industry needs to solve urgently. In this context, the rise of Green Fintech has attracted much attention. From the management and control of climate change and environmental impacts to carbon emission information disclosure and the innovation of green financial products, green fintech is injecting new impetus into shaping the future of financial centers. This article reflects on the multi-dimensional application of green fintech in the sustainable development of financial centers, analyzes its role in the emerging opportunities and challenges, with the aim to further understand how green fintech can provide useful reference for the sustainable transformation of financial centers in the new era.

Key words: Green fintech, environmental climate risk, ESG, sustainable development

BEN Shenglin and DAI Xinzhu. Fintech supported sustainable development and financial center construction. BioGreen - Biodiversity Conservation and Green Development. Vol. 1, October 2023. Total Issues 50. ISSN2749-9065