Study On The Innovation Of China's Higher Education Financing

Higher education is the basic education in modern times, while the short of capital is a bottleneck on the way of its development. Many countries choose reforming education-investing system, enhancing finance by university itself, absorbing capital from different channels as well as increasing government investment.The domestic study about the finance of higher education is still on a starting stage, especially the research on its finance forms are not so systematic. Basing on the theory of Public Sector Economics, Human Capital Investment and Value Engineering, the paper first proves the feasibility and necessity of the finance of higher education. Then through plenty of data, the paper analysis the situation of the finance of domestic higher education, and the problems existing in nowadays such as the short of capital, the low efficiency of its fund running and etc. Meanwhile, the factors influencing the finance of higher education are pointed out. In the end of the paper, the author proposes three finance innovating forms, educational lottery tickets, asset-backed securities and venture capitalinvestments, focusing on their operating mode.