A Study Of Building Diversified Investment And Financing System Of Chinese Higher Education

The current principal contradiction facing Chinese higher education is that there exists a giant gap between the demands for higher education caused by rapid enrollment expansion and population size etc. and the actual higher education supply provided by the country under its national conditions. The main obstacle in filling up the gap is the serious inadequacy in funds for higher education. To solve this problem by building a diversified higher education financing system has become the most urgent factor to the sustainable sound development of Chinese higher education.This study is aimed to build a systematic and diversified higher education financing system. It analyses at multi-levels and offer suggestions accordingly, from foreign experience in this regard to China's own situations, from theoretical study to status quo analysis, from existing problems to feasible strategies, from national perspective to higher education institutions, from micro strategy to macro policies, the objective of which is to put forward a set of diversified higher education financing strategies that well fit the current situations, thus to expand the funding sources and ease of the funds shortage situation. The results of this study will be realistically meaningful and important to adding educational investment and accelerating the development of higher education.The research of this whole paper follows a diversified thinking route. Firstly, it summarizes the concepts related to higher education and the present status of theoretical study on higher education financing, introducing higher education financing experience in main foreign countries. Secondly, starting with analysis of higher education financing status, it discloses in depth the main problems existing with the systems. Then, it expounds systematically the basis thought of building a diversified higher education financing system, which is the key of this paper. This paper focuses on relevant suggestions and strategies from the three aspects of increasing government investment, financing from capital market, and financing by other means. Finally, it provides suggestions for perfecting the diversified higher education financing system from the perspective of macro policy. Among the viewpoints in this paper, some policy-related suggestions, such as securitization of college assets, building new share-holding colleges, establishing higher education investment funds as well as deepening college system reform, are of great reference value.