Study On Urbanization’s Financial Support In China

From the angle of financial support of urbanization’s development,this dissertation clarifies the concept and the connotation of urbanization’s funds supply and demand,and thinks that only when the needs of urbanization’s funds in the future are reasonably met by the current financing model of urbanization,can the development of urbanization in China be promoted healthily and sustainably.By a review of the various sources of urbanization’s funds in the historical stages of the development of urbanization in China,it is concluded that the model of urbanization’s funds supply in China has changed from mostly depending on using "the price scissors between industrial and agricultural products" to "land finance".In order to further analyze the sustainability of urbanization’s financial support in China,this dissertation studies the amount of urbanization’s funds from the perspective of demand and supply.On the calculation of the scale of urbanization’s funds demand,firstly it is summarized from the existing research,in the type of calculation to regard the government as the main body bearing the cost of urbanization and include all costs before and after the rural population becomes the urban population,in the content of calculation to choose compulsory education,affordable housing,social security and infrastructure as the cost indicator,in the method of calculation to consider the two factors of population size and city size,and the results show that the cost of urbanization in super city,megacity and big city is about 140000 yuan,the urbanization’s cost of medium-sized city and small city is 114000 yuan and 78900 yuan respectively.Then,combined with the assumption related to parameters on the scale of population growth and the level of urbanization from 2016 to 2030,the amount of urbanization’s f;unds demand in China during this 15 years is estimated about 26 trillion yuan,and the annual average scale is 1.7 trillion yuan.According to the results of the scale of urbanization’s funds demand,the ability of land finance to provide financial support in the development of urbanization can be known,and the scale of urbanization’s funds land finance provide from 2016 to 2030 is estimated up to 19 trillion yuan.On the basis of the current land finance model to estimate its revenue during this 15 years,it is found that in the future the funds land finance provide can not meet urbanization’s funds demand,and the scale of funds gap will exceed 4 trillion yuan.The model of mainly relying on land finance to support the development of urbanization in China,which is unsustainable in terms of quantity or quality,has many potential financial risks.Based on the realistic situation of urbanization’s funds supply and demand in China,measures that expanding the scope of the pilot project on property tax reform,adjusting its collection program,increasing the issuance of local government bonds,and perfecting the mechanism of PPP mode should be taken in the future to prevent and resolve the possible risks.