Research On Innovation Of New Urbanization Investment And Financing Mechanism

Although the urbanization rate of Hangzhou has reached 73.5%, its urbanization quality lags far behind that of the cities in developed countries and hardly meets the requirements of modernization at the current stage of economic development. In order to promote the urbanization steadily while improving the quality in terms of urban planning and development, the development of major towns in Hangzhou should be prioritized.Given the limited revenue sources and financing measures, the wide capital gap in the construction for innovated urbanization, as well as the enormous difficulties and risks in relying solely on financial revenue, it is imperative to solve the issue of “exploring funding sources” through designing an innovative financing model to accelerate the development of major towns in Hangzhou and establishing multiple sustainable mechanisms for financing security.Building on existing literature and an intensive research, the present study tries to analyze the development situation and challenges faced by the major towns in Hangzhou. With a systematic comparison between the typical investment and financing models for urbanization development of Chinese and overseas cities, this study offers several proposals regarding the innovative investment and financing mechanisms designed to facilitate the urbanization development of major towns in Hangzhou.