Research on the Impact of Green Finance Policy on Small and Medium Enterprises Financing

This study examines the operational mechanisms and tangible outcomes of green finance policies on SME financing. Findings indicate these policies substantially enhance credit access and affordability for eligible small and medium-sized enterprises through instruments like interest subsidies, risk-sharing mechanisms, and dedicated credit lines, mitigating persistent financing constraints. Concurrently, regulatory guidance has elevated financial institutions' capacity for environmental risk evaluation, incentivizing SMEs to proactively improve their environmental credentials to secure preferential financing terms. Nevertheless, policy efficacy exhibits marked regional and sectoral disparities, constrained by challenges including environmental information asymmetry and inconsistent eligibility standard application, limiting the full realization of intended benefits. Recommendations include refining policy implementation protocols, fortifying environmental data disclosure and exchange frameworks, and fostering innovation in financial institutions' green product and service offerings to more effectively catalyze SME green transitions.