Research On The Incentive Mechanism Of Yunnan Private Investment PPP Model Based On The Distribution Of Control Rights

In recent years,the amount of private investment,growth rate,and investment ratio in Yunnan Province have declined sharply,an d the overall negative growth phenomenon.The proportion of private investment in Yunnan's total investment has been declining overall,and never exceeded 50%.In the current situation where private investment in the country is dominant in all investments,the ratio in Yunnan Province has continued to decline,and the gap from the national average is growing.Therefore,it is imperative to stimulate the vitality of Yunnan's private investment.The PPP cooperation model is the main way for private investors to participate in investment.Since the introduction of the PPP model in China in the 1980 s and its application to infrastructure and municipal public utilities,the PPP model has been vigorously promoted and rapidly developed in China.It has become an important mode of cooperation for infrastructure construction and the development of municipal public utilities in China.Through this mode of cooperation,the financial pressure of local governments in China's infrastructure construction and municipal publi c utilities development has been greatly alleviated.However,due to the fact that the application of PPP mode in China is still in its infancy,there are still some shortcomings in the introduction of private capital investment PPP projects,which cannot attract private capital owners to invest.Since 2017,the state has standardized management of PPP projects and strengthened the risk management and control of PPP business of central enterprises.For PPP as a whole,it is conducive to the specification of PPP.For private capital,there are more opportunities;for future PPP,It is a change from quantity to quality.Therefore,based on the PPP cooperation model,this paper is based on the two-factor incentive theory of Holzberg.It mainly discusses how to effectively attract private investment and stimulate the vitality of Yunnan's private investment from the aspects of policy support and project control allocation.Through research,it is found that only with good policy protection and reasonable distribut ion of control rights can we attract private investors to invest.For the allocation of control rights,when the private enterprise has a lower project evaluation for the PPP project,let the public sector have more control over the project,which can stim ulate the private enterprise to invest in the project;when the private enterprise has a PPP project In the case of high project evaluations,giving private companies more control over the project can both inspire private companies to invest in the project.