Abstract
Based on the diversity of green finance, this paper analyzes the development of green finance in the stage of rapid economic growth and the stage of economic new normal development. Research shows that the overall level of green finance development in the new normal development stage of the economy is generally higher than that in the high-speed growth stage of the economy, but the development speed is relatively slow, even stagnant. The difference is that the development speed of the central region has broken through the bottleneck and is in a leading position. The development of green finance has significant structural and regional heterogeneity in improving economic resilience, and regions with fast industrial upgrading, strong technological innovation, and large development scale have stronger upgrading effects. The development of green finance has a strong impact on the economic resilience of eastern provinces, followed by central and western provinces. Through further analysis of transmission channels, it is found that green finance can affect macroeconomic resilience through technological innovation and industrial structure upgrading, that is, technological innovation and industrial structure upgrading play a partial intermediary role between green finance and macroeconomic resilience.
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