Study On Management Of Investment And Fund Raising For Urban Infrastructure Construction

While the growth at high rate in socioeconomic development of China has been accomplished and the urban population grown rapidly along with a speeding up urbanization process, demands at higher level raised by the people for urban construction both in quantitative and qualitative terms. For that urban infrastructure construction is such an undertaking that is for public interests and ahead-of -time in nature, and that it is of a rather long cycle of construction with great demand for investment, its financing and fund management became one of main factors in urban contraction, as the development proceeding with difficulty if it is only supported by the government revenue. For a time fund shortage in urban infrastructure construction has made urban construction management a rather hard task for ones who deal with it. In recent years studies have been carried out on subject of management of the investment and fund raising for urban infrastructure construction in regions by departments and divisions, and a task on reform of investment and fund raising system for urban construction has been set forth that deserves long-term efforts.This paper, based on reviewing the historic changes in investment and fund raising system for urban infrastructure construction in China and analyzing problems existing in the system at present, conducts a study on the subject of management of investment and fund raising for urban infrastructure construction.In aspect of urban infrastructure construction's financing, apart from support from the government revenue, efforts should be made in developing the capital market so as to widen sourcing of fund raising, in gradually opening the investment market for urban infrastructure construction and fostering, encourage and guiding the participating in urban construction of economies of different ownerships, and actively marking use of foreign capital in urban construction, so as to accomplish a new system of investment and fund raising for urban infrastructure construction that features pluralization of the markers of investment in urban infrastructure construction, market-orientation of the capital sourcing and diversification of the investment mode, and in establishing and perfection of the mechanism of self-discipline for risk with investment so as to enhance efficiency of the investment.As for management of urban construction fund, efforts should be made in conducting the urban construction fund management in a scientific and effective way to shape out a coordinated and high efficient urban fund construction management mechanism and supervision mechanism, and in establishing a rather perfect law system and management system for urban infrastructure construction fund management. Efforts should also be made, by way of the system's innovative revamping, in enhancing the capital maneuvering, introducing the competition mechanism according to the law of market economy, and marking an operative mechanism shifting of the enterprise, so as to give full play to the market in its role as the foundational distributor in the resources allocation and the foundational adjuster to structure remake-up.