As global climate risk is looming in recent years, the climate risks faced by financial institutions are also increasing. Effectively quantifying and assessing climate-related financial risks is of great significance for financial institutions to establish risk management mechanisms. Accordingly, choosing Chinese commercial bank data from 2007 to 2019, this paper quantitatively evaluates the influence of climate change shock on the banks' credit risk by taking the annual temperature fluctuation in cities as the core index to characterize the climate change degree. It is found that annual avera...
