Abstract

This paper focuses on the issue of green finance credit risk measurement, taking China's new energy vehicle listed companies as a sample, taking into account the actual situation of China's financial market, using a modified KMV model to estimate the default distance of selected companies, and comparing with the traditional industries in these three years. The results show that the average default distance of 30 new energy automobile companies is larger than that of 30 traditional automobile manufacturing companies, and the default probability is smaller. As the credit loan risk for the new-energy automobile industry is lower, commercial banks are encouraged to carry out green credit business, and policy and subsidy support related to the new-energy industry shall be given at the same time.

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