Research On The Financing Path Of Developing New-type Urbanization In China

Urbanization is the inevitable historical stages in the process of industrialization.Since the reform and opening-up, the urbanization construction in China have achievedrapid development, however, the traditional developing pattern takes quantity much moreimportant than quality, which cannot meet the requirement of the comprehensivebeing-well society development in our country, thus improving the quality ofurbanization and promoting new-type urbanization construction have become the focusof the future. New-type urbanization construction will not only help to speed up thesocialist modern construction of urbanization process, but also to realize the greatrejuvenation of the Chinese dream.The main path of the present urbanization financing in China is local governmentfiscal expenditure and the local investment platform, which are not only increase theburden of government finances, urbanization construction also suffers from the scale offinancial capital, even more making the urbanization development lack sustainability.Finance as the core of modern economy development has not played its function ofsupport for the urbanization construction fully. Therefore, how to overcome the defects oftraditional financing path, how to give full play to the strength of financial support for thefinancing of urbanization, how to innovate financing path of urbanization, are the key tosolve the problem of financing difficulties of urbanization construction in our country.This paper discusses the above issues and learns from the successful domestic and abroadfinancing cases to create diversified financing path for new-type urbanization.The first Chapter introduces the connotation of the new-type urbanization and theimportance of the new-type urbanization of China’s economic development.The second Chapter predict the future capital demand scale of the new-typeurbanization according to the situation of our country and the structure of financing needsThis Chapter elaborates fiscal financing difficulties and financial financing difficultieswe are suffering and analyzes the deep reasons. This Chapter also points out that toestablish a diversified financial system, to play the role of the current financialinstitutions and to expand more practical innovative financing channels has become thetop priority. The third Chapter makes an empirical analysis on between the development ofurbanization and the financial development level. The analysis results show that theurbanization development for the financial development has a positive role in promoting,but the financial development has not played the same role, which is consistent withthe present situation.Therefore, strengthening financial support to make they bothpromote each other complementary is very important.The fourth Chapter summarizes the successful case of financing of urbanization,learns the valuable experience, such as the American municipal bonds, South Korea’spolicy financing institution support, Britain’s public-private financing.Finally the fifth Chapter, combining the reality of our country puts forward therelated suggestions on how to build the diversified financing path for new-typeurbanization The policy financial institutions should play the guide role, at the same time,we should explore new modes of financing to break the bondage of the traditionalfinancing path, and to improve the financial efficiency.