Land finance, also known as "land revenue finance", refers to a special financial phenomenon in some places that rely on the transfer of land use rights to obtain fiscal revenue. In the past period, with the acceleration of urbanization and the vigorous development of the real estate market, land finance has become one of the important local fiscal revenues.
However, there have been different theories and controversies about the origin and background of land finance. Some people believe that land finance is the product of China's rapid economic development after the reform and opening up, and some people believe that this is a measure taken by local governments to make up for the lack of fiscal revenue. So, whose idea is land finance?
To answer this question, we need to look back at the evolution of China's land system. After the founding of the People's Republic of China, China implemented socialist public ownership of land, that is, land is owned by the state or collectives. Before the reform and opening up, the land use system was basically a distribution system under the planned economic system, and land use rights could not be freely circulated.
After the reform and opening up, with the deepening of the reform of the economic system, the land use system has also undergone major changes. In 1982, China began to implement the reform of the land use system, and gradually liberalized the circulation and transfer of land use rights. In this context, some developed coastal areas have taken the lead in trying to attract foreign investment and promote local economic development through the transfer of land use rights.
Among them, the most typical is the Shenzhen Special Economic Zone. In the early days of reform and opening up, Shenzhen faced difficulties such as a shortage of funds and backward infrastructure. In order to attract investment, Shenzhen has taken the measure of transferring land use rights, and raised construction funds through cooperation with foreign investors to develop or improve land. This measure has achieved remarkable results, not only promoting the rapid development of Shenzhen's economy, but also providing experience and reference for the reform of the land use system across the country.
To sum up, land finance is not the idea of a certain person or a specific period, but an inevitable product of China's economic reform and development. It is a kind of financial measure taken by the local government under specific historical conditions, aiming to promote local economic development through the optimal allocation of land resources. Of course, with the continuous development of China's economy and the acceleration of urbanization, land finance is also facing many problems and challenges, which need to be solved by the joint efforts of all sectors of society. Search Topic Full Time Challenge December