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Ting-Ting Bai

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Open access Sep 2026

Sustainable Transition or Symbolic Compliance? The Double‐Edged Sword of Green Finance Pilot Zones

As green finance reforms accelerate globally, a critical question remains: do state‐led financial incentives drive genuine sustainability transitions, or do they inadvertently encourage symbolic compliance? Using China's Green Finance Reform and Innovation (GFRI) pilot zones as a quasi‐natural experiment, this paper...

Ya-Nan Tang, Yong Qi, Ting-Ting Bai · 0 citations

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