Abstract
Government plays a leading role in the investment and financing of new urban areas. However, restricted by the current Chinese fiscal and financial system, the government and its financial department are constrained to take part in direct investment and financing. In order to launch a new urban area or conduct other aspects of urban construction, the government needs an organization to carry it out. Therefore, the government has to establish one or several investment and financing platforms (sometimes called investment and financing centers, or companies, or groups). Whatever the name, in nature most of them are solely owned by the government, with very few controlled by the government. From all over the practice, if the government wants to set up and make full use of these platforms, there are a few things it should do well.
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© 2015 Springer-Verlag Berlin Heidelberg
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Shao, Z. (2015). Investment and Financing Strategy for New Urban Areas. In: The New Urban Area Development. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-44958-5_23
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DOI: https://doi.org/10.1007/978-3-662-44958-5_23
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Publisher Name: Springer, Berlin, Heidelberg
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Online ISBN: 978-3-662-44958-5
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