Research On Investment Management Of Government's Project

Government investment as a market economy in direct government intervention in the economy and an important means of economic activity, the purpose is to provide the market through government allocation of public goods can not be effective, thereby creating a favorable investment environment and promote the rapid growth of social investment. Government investment in capital construction investment in China has a large proportion of national life and has a profound impact. Government investment projects are usually large amount of investment, long cycle, professional and comprehensive is very strong, and successful completion of the project can play the expected investment effect on the socio-economic development has an important influence.Since reform and opening, the state investment system for the existing government conducted a series of reforms, the initial formation of investment diversification, multi-channel sources of funds, investment diversification, and new market-oriented project structure. Countries in enhancing investment management, absorbed a lot of advanced foreign experience, and a series of reforms in practice, such as decision-making phase of the project feasibility study carried out to enhance the project decision-making consultation, assessment and verification; construction and implementation phase of the project, the implementation of the bidding, contracting, construction supervision, corporate responsibility, the system of capital investment projects, etc., in project design, construction, capital, materials, and other aspects of the management had also been reformed. These reform projects for the government's investment management, investment, improving efficiency, play an important role.In recent years, with the proactive fiscal policy, the implementation of policies to expand domestic demand, rapid growth in the amount of government investment, investment is increasing. However, with the rapid development of government investment projects, investment management, there are a number of issues have been demonstrated, such as the scope of government investment confusion, distortion of investment decision-making mechanism, building management system is imperfect, investment and financing is not standardized, the regulatory system is not perfect and so on. In order to ensure sustained and healthy development of China's economy, it must be the original investment management system for further reform and improve.This article will be the government's investment management of the project as an organic whole research to public finance theory, new public management theory, public choice theory, principal-agent theory, game theory as the theoretical basis and the theory elaborated in the government projects investment management of the specific application, the system described the government projects track the investment management of historical change, and a detailed analysis of past problems in investment management, drawing on the experience of developed countries and regions at home and abroad on the basis of proposed solutions the Chinese government projects the idea of investment management issues, and outlines specific solution recommendations.This article is divided into five parts. Chapter one Introduction, this study focuses on the significance of background and research, literature review of international research, thesis research ideas and research methods and so on. Chapter two of the project for the government's general analysis of investment management, this chapter introduces the concept of government investment projects, classification, properties and management of investment projects of the government of the theory. Chapter three of our government projects the reality of investment management study, this chapter by the new Chinese government investment system reform in China since the establishment of a detailed analysis of changes that the current management of investment projects of China's governmental status of the work, from the scope of government investment, decision-making system, construction management, risk prevention, the regulatory system proposed five aspects of our government in the investment management problems. Chapter four of the project for sample countries (regions) of government project investment management experience and reference, from this chapter by the United States, Britain, Japan, Australia, Japan and Hong Kong Government projects and investment management research and comparative analysis of China-related conditions, proposed development national and regional governments of the advanced investment management experience is worth our reference points. Chapter five for the sound management of investment projects of China's governmental policy proposals, the government investment projects in this chapter from the scope of government investment, decision-making system, construction management, risk prevention, monitoring systems were elaborated in five aspects of a sound investment in our government projects management focus.