| Variable | Entirety | Financially developed areas | Financially underdeveloped areas |
| (1) | (2) | (3) | |
| Green finance composite index | 1.238611*** | 1.121938** | 0.9420915 |
| (0.4614502) | (0.5107712) | (1.125479) | |
| Control variable | YES | YES | YES |
| Constant term | 4.357888*** | 5.097524*** | 2.856292 |
| (0.8079439) | (0.8886734) | (1.819275) | |
| Number of provinces | 30 | 21 | 9 |
| Observed value | 300 | 210 | 90 |