“…Meanwhile, according to the difference between the LCE development levels of the pilot provinces and the synthetic objects, it is clear that the bene cial policy effect is enhanced year by year for Zhejiang, Jiangxi, Guangdong, and Guizhou, while the impact on policy is little for Xinjiang. The initial explanation for an arrangement for the Xinjiang Green Finance Pilot Zone not signi cantly enhancing the development of LCE in Xinjiang is as follows: since green nance is a longterm, complex, and systematic project, it requires the coordination of nance, environmental protection, nancial supervision, and other departments to jointly promote it, while Xinjiang is supported by resourcebased processing industries, with coal as the main resource consumption, and the division of labor in industry is at the low end of resource and energy raw material output or primary processing [1], or the lowend link of primary processing [41], limited to the local economic development structure and industrial development stage, insu cient effective carriers to encourage the growth of green nance, and the level of energy usage is much higher than the national level, so it is di cult to promote the transformation and upgrading of industrial greening in the near term.…”