Research On Legal System Of Financial Investment About Public Higher Education In China

The primary need of education is funds. A reasonable and efficient financial investment system on higher education is the foundation of the healthy development of public higher education in our country. Since 1990s, our higher education has developed by leaps and bounds. Meanwhile, the central government has made lots of reformation and exploration on financial system in higher education. Especially from the reform and opening up, the governments from the local to the central have gradually intensified efforts on financial investment in public higher education, which plays an important role in the development of public higher education, but we should point out that comparing with countries which are more developed in higher education, there are still some problems in financial investment in our higher education, including public higher education, such as the lack of total financial investment, imbalanced financial investment, with the central and local governments fiscal transferring payment not being in place, education and financial investment legislation lagging behind. In view of this, it is undoubtedly of great significance for us to study financial investment in Chinese public higher education from the perspective of researching public finance law, for building a healthy financial investment in public higher education legal system, promoting the healthy development of public higher education. Higher education is a public goods, so it is the government's responsibility to manage financial investment in public higher education.In this paper, the author discusses the legal system on financial investment in Chinese public higher education from three aspects. In the first part, the author introduces the legal system of financial investment in overseas higher education as well as the enlightenment for us. By analyzing the system of the USA, the UK and Japan, the author summarizes several points of enlightenment; in the second part, the author analyzes the situation of the legal system on financial investment and existing problems. Although the system has made a lot of achievements, there are still some problems, such as the lack of total investment, unreasonable allocation, imbalanced development of the system in different areas, the separation between routine power, financial power in higher education financial system, incompletes law supervising system. In the third part, the author proposes several advices of perfecting the legal system of our financial investment in higher education, including intensifying the input for higher education, improving the financial system of collecting fund in multi-channels, reforming the allocating mode of financial investment, perfecting the transferring payment system, building a sound budget management system, and establishing an efficient legal supervising system of financial investment in public higher education.