Research on the Financial Pro-social Mechanism of Government,Market,and Society Collaboration
Sustainable finance requires a shift in the value orientation of financial development from"economic single dimension"to"economy-society-environment"in three dimensions.In a broad sense,sustainable finance can cover all financial activities that generate positive social and environmental externalities,including inclusive finance,green finance,technology fi-nance and soon.Its development generally has high risks and costs,which affects the enthusi-asm of the financial system to develop sustainable finance.The traditional single practice models of"market first","simple government intervention",and"society as the other hand"each have certain pro-social mechanisms,but there are also market failures,government failures,and social failures.It is necessary to achieve the integration of market,government,and social factors to promote sustainable financial development.From the perspective of supply entities and mechanisms,it should establish and improve a diversified financial system with"commercial + policy +social"financial division of labor and cooperation.At the same time,it should enhance the active supply of diverse supply entities through mechanism integration,such as injecting so-cial motivation into commercial finance through the power of government and society,and adding market and social mechanisms to policy finance through the power of market and society,utilizing the power of government and market to enhance sustainable development capabilities in social finance.In addition,there must be a top-down institutional and policy environment to achieve the integration of top-down top-level institutional and policy design with bottom-up micro motivations.
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