李嘉欣 陈保钻 陈洁莹 李雨洁

【摘  要】近年来，随着国家对绿色金融产业的大力扶持，粤港澳大湾区绿色金融市场发展迅速，绿色债券标准也趋于规范。粤港澳大湾区本身处于优越的地理位置且具有雄厚的经济基础等条件，伴随着各地绿色金融政策的陆续出台，使得粤港澳大湾区的绿色债券在市场中拥有良好的发展前景。然而由于粤港澳大湾区在政治体制、法律体系、财税体系等方面存在显著差异，其金融市场的互通互联水平仍待提升，缺乏良好协同的发展局面。鉴于此，论文通过对粤港澳大湾区绿色债券的相关政策及其相关数据进行分析，探索粤港澳大湾区绿色债券发展的问题与挑战，为推动粤港澳大湾区绿色债券发展提出政策建议。

【Abstract】In recent years， with the strong national support for the green finance industry， the green finance market in the Guangdong-Hong Kong-Macao Greater Bay Area has developed rapidly， and the standards of green bonds are becoming standardized. The Guangdong-Hong Kong-Macao Greater Bay Area itself is in a superior geographical position and has a strong economic foundation. Along with the successive issuance of green financial policies in various regions， the green bonds in the Guangdong-Hong Kong-Macao Greater Bay Area have a good development prospect in the market. However， due to significant differences in political system， legal system， fiscal and tax system and other aspects of the Guangdong-Hong Kong-Macao Greater Bay Area， the interconnection level of its financial market still needs to be improved and lacks a good coordinated development situation. In view of this， this paper analyzes the relevant policies and data of green bonds in the Guangdong-Hong Kong-Macao Greater Bay Area， explores the problems and challenges in the development of green bonds in the Guangdong-Hong Kong-Macao Greater Bay Area， and puts forward policy suggestions for promoting the development of green bonds in the Guangdong-Hong Kong-Macao Greater Bay Area.

【关键词】粤港澳大湾区;绿色债券;协同机制

【Keywords】Guangdong-Hong Kong-Macao Greater Bay Area; green bonds; synergistic mechanism

【中图分类号】F832.7                                             【文献标志码】A                                                 【文章编号】1673-1069（2021）10-0085-03

1 研究背景

1.1 绿色金融是实现粤港澳大湾区绿色发展的重要制度安排

绿色金融通过引导资源配置，促进经济向绿色发展方向转变，充分发挥了金融对社会资金的引导作用和对绿色发展的激励作用，以绿色金融创新支持湾区城市群协同发展将是湾区协同发展的必然趋势。《粤港澳大湾区发展规划纲要》指出：大力发展特色金融产业。支持香港打造大湾区绿色金融中心，建设国际认可的绿色债券认证机构。支持广州建设绿色金融改革创新试验区，研究设立以碳排放为首个品种的创新型期货交易所。……