Research On The Evaluation System Of Investment Promotion Projects In Huizhou City

In the era of economic globalization and market economy,the growth of reginal economic development requires not only the existing resources and factors of production,but also capital inflow,during which process the government plays a significant role.To accelerate local economic upgrade and transition,regional governments in China,at all levels initiate incentives and preferential policies such as low land price,employment support or tax benefits to attract capital inflow.However,what happens after the project being established are not yet properly evaluated,nor is the evaluation attended to by the government.As a matter of fact,the capital inflow,in the name of investment promotion easily lead to risks when the invested projects do not adapt to the local environment,or fail to reach expected investment return.In 2018,Opinions on Establishing a More Effective Regional Coordinated Development Mechanism was issued by the State Council,suggesting the local governments establish evaluation mechanism,evaluation results utilization and feedback mechanism for local investment promotion.Given its scale and significance,it is believed that the research of the evaluation system of the projects out of investment promotion is quite relevant and necessary.Based on the analysis of the status quo of Huizhou's investment attraction,this paper establishes an evaluation system by analyzing the hierarchy process,and applies the index system to a real project.Chapter one analyses the basic framework,the current domestic background of investment promotion and attraction.The author concludes the status quo of the government investment promotion and attraction,pointing out common problems within the process across China.The author then reviews literature so far and introduced the related documents issued by the State Council.Chapter two analyses the related concepts and theoretical basis.By defining the concepts of investment promotion,performance evaluation and appraisal,the author introduces the theoretical foundation of this case study,including goal management theory by Drucker,expectation theory by Fromm and goal setting theory by Locke.In Chapter three,the author summarizes the characteristics of investment promotion in Huizhou,stating the current practice of investment invitation project evaluation in Huizhou City(districts).The author then identifies main problems in the evaluation of investment promotion in Huizhou and the reasons behind.In Chapter four,the analytic hierarchy process(AHP)is introduced to study the status quo of the investment promotion in Huizhou so as to establish the evaluation index,which is then de-constructed to produce a final evaluation systemIn Chapter five,the author discusses the application of such a project evaluation system by citing a specific case in Huizhou.In Chapter six,the author puts forward suggestons to improve the evaluation of investment projects in Huizhou.In conclusion,this paper summarizes his findings.He reflects upon these findings and also acknowledges the findings can be further elaborated in future studies.