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The transition to green growth goals requires the concerted efforts of the whole society. Enterprises, as important players in the market, play a key role in promoting green and sustainable development. The rise of the concept of sustainable development has enabled more enterprises to disclose environmental, social and governance (ESG) information, and ESG behaviour is regarded as a positive strategic behaviour to implement the new development concept. This paper aims to explore the influence of ESG performance on enterprise green innovation.

This study applies a fixed effect model and the regulation effect of empirical analysis to explore the influence of ESG performance on enterprise green innovation. The object of investigation is 2014–2021 Shanghai and Shenzhen A-share listed companies.

The results of an empirical analysis outline the following conclusions: (1) ESG performance has a significant effect on enterprise green innovation, mainly by easing the pressure of the financing enterprise, fitting stakeholders’ environmental protection concept and obtaining employee organizational identity that influences enterprise green innovation. (2) Government regulation positively regulates the role of ESG performance in promoting the green innovation of enterprises. (3) Heterogeneity analysis found that the strengthening role of ESG performance on the green innovation of enterprises is stronger in green invention patents, state-owned enterprises and nonheavily polluting industries.

Despite the valuable findings, this study has a few limitations. Thus, it is necessary to extend the object of investigation by adding other Asian countries, which allows for comparison analysis and allocating best practices for promoting green innovation. Besides, innovation and ESG performance depend on the quality of institutions. In this case, the future study should incorporate the indicators that reveal the quality of institutions (corruption, transparency, digitalisation, voice, accountability, etc.).

According to the above conclusions, this paper proposes suggestions at the level of enterprises, government and investors. At the enterprise level, ESG responsibility should be strengthened, ESG information should be consciously disclosed and the quality of ESG disclosure should be improved. Government departments should play the role of supervisors, improve the construction of ESG information disclosure systems and promote the formation of ESG systems. At the social level, investors should improve the ESG information status and pay more attention to the ESG performance of enterprises.

This study fills the scientific gaps in the analysis impact of ESG performance on the green innovation of enterprises. This paper contributes to the theoretical landscape of ESG efficiency by developing approaches based on two empirical models: testing the impact of enterprise ESG performance on green innovation and testing whether government regulation plays a regulatory role in the relationship between ESG performance and green innovation. Besides, this study analysed the ESG performance and green innovation within the following categories: heavy and nonheavy polluter industries; state and nonstate-owned enterprise groups.

Propose a more comprehensive explanation on the determinants and fluctuations of China’s exchange rate policy in the past decade (2005–2015).

Case study on China’s exchange rate policies in three respective stages since 2005 and then a comparative study on these three stages.

Put forward a two-pronged explanation on the determinants and fluctuations of China’s exchange rate policy in the past decade and arrive at three specific conclusions. First, external pressure is only one factor among many influencing the formation of China’s national interests (Guojia Liyi in Chinese) and the decision-making process on exchange rate policy. Second, national interest is the fundamental driving force and substratum for making China’s exchange rate policy. Third, in the short term, the specific exchange rate policies in different periods were not always in accordance to the national interests (or Guojia Liyi), due to the influences of some factors on the decision-making environment.

The comprehensive view is conducive to better explaining the formation and fluctuations of China’s exchange rate policy and consequently contributes to understanding and even predicting future policies.

A kind of the Z-6020/E-44 modified waterborne hydroxyl acrylate resin (Z-WEA) and its application in volatile organic compound-free waterborne coatings were prepared.

The Z-6020/E-44 modified waterborne hydroxyl acrylate resin (Z-WEA) was obtained dropwise by adding a mixed solution of methyl methacrylate, n-butyl acrylate, hydroxyethyl methacrylate, acrylic acid and an initiator into a pre-prepared solution of isopropyl alcohol and E-44 and by semi-continuous solution polymerization, and this chain was further extended with organosiloxane (Z-6020) through graft copolymer, which was then neutralized with organic base and dispersed with water, with waterborne amino resin curing agent to form a film, and the properties were tested.

The results showed that when the dosage of initiator was 2.5% accounts for the total acrylic monomer, the hydroxyl content was 10%; the dosage of E-44 was 16%; the dosage of Z-6020 was 6%; the mass ratio of hard and soft monomer was 2.0:1; the neutralization was 100%; Z-6020/E-44 modified waterborne hydroxyl acrylate resin (Z-WEA) had excellent dispersion performance in water and storage stability; water absorption of cured film was 7.8%; pencil hardness reached 5H; adhesive force was 1 level; and the film was uniform and endowed with remarkable heat resistance, high gloss and good fullness.

This paper established a method to synthesize Z-6020/E-44 modified waterborne hydroxyl acrylate resin (Z-WEA) with green surfactants that can be used in the coatings, adhesives, finishing agents and so on.

This paper provides a method of preparing Z-6020/E-44 modified waterborne hydroxyl acrylate resin (Z-WEA) and with waterborne amino resin curing agent to form a film, and the film is uniform and endowed with remarkable heat resistance, high gloss and good fullness and meets the requirements of high-grade paint.