关键词: 绿色金融政策, 绿色金融改革创新试验区, 城市生态韧性, 绿色创新效率, 环境规制

Abstract: Green finance policy is a crucial means to promote urban sustainable development. It has garnered significant attention for the impact on urban ecological resilience. The study is based on the quasinatural experiments of National Green Finance Reform and Innovation pilot Zones，as well as the data panels of Chinese cities from 2010 to 2022. it explores the actual impact of green finance policy on urban ecological resilience and its operational mechanism. The results show that the implementation of green finance policies has a salient positive effect on urban ecological resilience，especially in enhancing response resilience；these experimental zones have witnessed an indirect positive effect on enhancing urban ecological resilience by optimizing the efficiency of green innovation and strengthening the intensity of environmental regulations. According to the heterogeneity analysis，the positive impact of policies on urban ecological resilience varies from city to city；the performance is particularly prominent in cities with high market competition，key cities for environmental protection，and cities with high levels of green innovation. Effective guidelines for promoting the development of urban ecological resilience include strengthening the synergy between green finance policies and environmental regulations，constructing a dynamic feedback green finance evaluation system，and consolidating multi-subject collaborative governance.

Key words: green finance policy, pilot zone for green finance reform and innovation, urban ecological resilience, efficiency of green innovation, environmental regulation