Analysis on the Relationship between Green Finance and Green Development of Guangdong Province

Abstract

Policies about sustainable development are carrying out in China. From two perspectives to study whether green finance promoted the green economy development in Guangdong or not by grey correlation analysis. The results of using Guangdong's green financial data were not supported this hypothesis, while the results of using national financial data were supported this hypothesis. The reason is that Guangdong even Guangdong, Hong Kong and Macao Greater Bay area is one of the most developed regions in China, which shows a gatherring effect, and the resources of the whole country flow into Guangdong continuously. That play an important role in green development in Guangdong.