The Chinese Legal Path of Sustainable Finance Integrating into the ESG System in the Digital Age
Since the rise of Environmental,Social and Governance System(ESG)represents an important paradigm shift in financial modernization,integrating into the ESG system has become an inevitable trend in the development of sustainable finance in China."In the face of the increasingly strong wave of ESG development and its challenges,the innovation and legal construction of China's sustainable financial jurisprudence are of great significance and also have a long way to go.Based on the Chinese-style modernization theory,it is necessary to take into account both international consensus and Chinese characteristics in the ESG transformation of China's sustainable finance implementation paradigm,and to realize theoretical innovation in three aspects:value conversion,functional positioning and practical approach,so as to consolidate the jurisprudential foundation of sustainable finance.On this basis,we will promote the transformation of the implementation paradigm of sustainable finance from policy-driven to law-based governance,and implement the theoretical innovation of sustainable finance to the level of rule of law.To establish an ESG system with Chinese characteristics,the institutional path should be used at its core,promoting both the transformation and high-quality development of China's sustainable financial practices.
digital agesustainable financeESGrule of financial law