Case Study On The Government Investment Attraction Project "Financial Business District Project" In Hedong District Of Suining City

With the rapid development of the market economy,investments play an important role in introducing advanced technological concepts,adjusting the local industrial structure and promoting the comprehensive development of local economy and the whole society.After Chinese eleventh CPC Central Committee Third Plenary Session,in order to boost the economic growth,reform and opening-up has become the basic national policy of directing our economic development.Investments began in that period,then grew rapidly in the following decades.In face of a rigid system and a backward economy,local governments struggled with the traditional economic system and achieved leapfrog development by powerful reforms.Driven by reform and development,due to capital,technology,talents and new thinking brought by investments which shifted the process of development from planned economy to market economy,local governments have listed attracting investment as a key work.Especially in special economic zones and coastal areas,local governments provided enterprises with preferential policies,simplified the approval process,and assisted in acquiring land quotas to attract leading enterprises,major projects and foreign capital into the local market.As a result,the economy has developed fast;the industrial agglomeration effect has been enhanced;and the effect of government investments has been fully proved.Suining Hedong New District was established in 2002.Geographical location is in the center of Sichuan Basin,the middle of Chengdu-Chongqing and the east of Fujiang River.During 20 years of growth and development,by providing enterprises with necessary public products,preferential policies and business environment,the government of Suining Hedong New District has experienced the transition from investment attraction to investment selection.So far,Suining Hedong New District has been transformed from a bench to a modern city filled with overall industries and beautiful environment,creating a livable environment and a suitable atmosphere for business.It is obvious that investments have important effect on local economic development and industrial structure optimization.Based on my working experiences,the benefits of government investments will be fully explored.The "Financial and Business District Project" of Suining Hedong New District is elected as a typical case which is deeply analyzed by literature search,investment case study and field research,etc.Along with the relevant theories in the field of public management,this paper conducts in-depth analysis of typical cases of government investments."Financial and Business District Project" led by the government of Suining Hedong New District is representative,which attracts many big and influential companies,and achieves industrial agglomeration.Therefore,the project has an important significance in contributing tax revenue in Suining Hedong New District,optimizing talent structure and driving regional development.By analyzing the process of the investment sample,including negotiation,signing and landing,construction and development,this paper concludes that among many factors affecting the investment of the government of Suining Hedong New District,public services,public policies and investment organization are the core factors affecting successful government investments.At the same time,through the detailed descriptions of typical cases,in-depth analysis of factors,inspiring and profound analysis of suggestions,this paper hopes to provide relevant reference for local government investments in other new areas of China.