Research On Investment And Financing Of The Reconstruction And Expansion Of Public Universities In China

Since the beginning of the new century,the level of education quality in China has been rising,and the number of talents from all walks of life trained by higher education is also increasing.However,the problems such as backward school infrastructure construction and too small campus area have gradually become prominent.Accelerating the construction of campus infrastructure in general colleges and universities has become an important issue in the current development of colleges and universities in China.At present,the sources of funds for campus infrastructure construction projects in China are mainly from government departments'finance and bank loans.However,due to the rapid development of universities in recent years,government financial allocation has been unable to meet the needs of the construction and development of universities.Moreover,because of the lack of continuity of bank loans,the issue of University development financing has become a hot social issue.The introduction of PPP model can effectively alleviate the problem of insufficient funds for University development,and can also introduce a high-quality social management model.Nowadays,the sources of funds needed by Chinese colleges and universities include subsidies of national teaching funds,tuition fees of students,donations of social capital,scientific research output of colleges and universities and loans from financial institutions.Among them,the main source of teaching funds in China's colleges and universities still relies on the subsidy of the state finance.Since the implementation of the policy of enlarging the enrollment scale in Colleges and universities,the proportion of the subsidy of the national financial teaching funds in the teaching funds of colleges and universities has become higher and higher,which has led to the increase of the operating costs of schools and the obvious investment of the national education funds caused by the expanding enrollment scale of colleges and universities.Out of line,the proportion of the national financial teaching funds in the teaching funds of colleges and universities began to decline,but the situation that the teaching funds of colleges and universities mainly depend on the national financial support has not been improved.Students'tuition and miscellaneous fees mainly include tuition fees and accommodation fees paid by students.In recent years,the pressure of teaching funds in Colleges and universities is shifting from national government finance to education.Students' tuition and miscellaneous fees are rising year by year,which may lead to further intensification of the contradiction between school development and students'education costs.Social capital contribution has always been an insufficiency of the source of teaching funds in China's colleges and universities,and their own research output capacity is limited,which is insufficient to support the funding needs of daily teaching activities in Colleges and universities.In recent years,bank loans have gradually become the main financing channel for colleges and universities to solve the shortage of teaching funds,which has effectively improved the construction of teaching infrastructure in Colleges and universities.However,bank loans are characterized by high short-term and medium-term costs and high annual interest.Once the number of loans reaches a certain level or face concentrated repayment,universities will face huge financial risks.At present,the research on the application of PPP mode in infrastructure construction projects of universities in China is at an initial stage,and there is no corresponding practical guidance and theoretical basis in the process of project construction.Exploring the different PPP modes applicable to different construction projects has become the key to the application of PPP mode in infrastructure construction projects of colleges and universities.In the process of research,this paper uses many methods,such as literature analysis,case analysis and so on,to analyze the application of PPP mode in infrastructure construction projects of colleges and universities in China.Firstly,according to the economic attributes and project characteristics of university construction projects,we can divide all projects into three parts:teaching infrastructure projects,logistics support projects,new campus development projects,and point out the corresponding PPP mode of different university construction projects by means of decision tree analysis.Secondly,the characteristics of different projects are analyzed,and different PPP models are matched for different projects according to the characteristics of PPP models.Afterwards,the paper analyses the related factors of the success of different PPP modes in the application process,such as social capital investment,government financial support and so on,and puts forward specific plans for the control and application of these factors.Finally,XX College is taken as an actual case to analyze,which provides an empirical basis for the application of PPP model in the process of university infrastructure construction.The innovation of this paper is to consider the differences among different construction projects and choose PPP mode through their differences;to build a rent determination model based on BLT mode;to build a project fund subsidy model through BOT capital selection method in the process of new campus construction.