Research On Investment Promotion Mode Of Service-oriented Government And Intermediary Investment Practice

In China, investment promotion is an effective way to carry out the surpassing development strategy, Rose and fast developed in the period transiting from planned economy to the market one. .Many local governments not only regard investment promotion as an important government functions but also link to the government performance evaluation and use it as a guidance to dominate the investment promotion work. The mode of government-oriented investment promotion, that the government became the main participator, was resulted from the specific historic condition and made great contributions to china' s economic development. Along with perfection of China' s market economic mechanism and the function transform of Chinese government, the mode of government-oriented investment promotion can no longer meet the requirements of economical development and government function transition in the new era.The discussion of investment promotion should be combined with the transformation of government function. The academia' s interest of exploring the government behavior in investment promotion springs from the government function changes in the world at present. The service-oriented government, which was explored from local government, has become the choice of China's administrative reforms. The government function of management, is facing the transform from the highly centralized government control in the planned economy era to the limited powers of service-oriented government under the market economy conditions. This study attempts to define the service-oriented government functions investment promotion, determine the proper mode to adapt to the service-oriented government, and provides the opinion and the suggestion for the government function transition at present.This study started on three levels: first, try to find out the combined point between the limited power location of service-oriented governments and the role positioning of the government function in investment promotion from the concept of service-oriented government. Second, according to government functions, the investment promotion mode can be divided into government-guided investment mode and intermediary investment mode. And then proof the rationality of intermediary investment mode by analyzing the improper with the transformation of government function based on the function positioning of service-oriented governments. Third, take the Shanghai intermediary investment as case study in order to seek the effective interaction between the government and the intermediaries. At the same time, the study compared the data of the foreign capital absorption in Shanghai in 1990-2006, analyzed the relationship between mode of investment promotion and economic development, proposed that choose a suitable investment promotion mode should according to the stage of economic development, and improved the intermediary investment mode on the basis of Shanghai intermediary assessment. It is concluded that the government-oriented investment mode applied in the early stage of economic development, which intermediary investment mode adapted to the new era of economic development and the requirements of the transformation of government functions, will become the ideal approach to service-oriented government, but it need government's guidance and supervision in the process of promoting.