It takes a lot of investment and a long time to build a new city. How to break through the "bottleneck" of funds also tests the wisdom of the rulers. With innovative ideas, they embarked on a road of building a new urban area combining government-led and market-oriented. To build urban infrastructure, they did not rely solely on government investment, but actively explored the establishment of Tieling Financial Investment Co., Ltd. with Beijing Jingrun Blue Chip Investment Co., Ltd., which was funded by the government, and its early capital operation undertook the capital investment of urban infrastructure construction, thus reducing the financial pressure of the government.
Due to the guarantee of early funds, the image of the new city quickly appeared, which stimulated the investment desire of the society. The government can not only gradually reduce investment, but also gradually enter the capital recovery period to realize a virtuous circle of capital. Their other innovation is to integrate the state-owned assets of the old city of the government and set up Tieling Gonggong Assets Investment and Operation Co., Ltd., which not only revitalized the original assets of the government, but also became the first prefecture-level city in China to issue 600 million yuan of Tieling investment bonds this year, expanding another financing channel for the construction of the new city.
As Li, secretary of Tieling Municipal Party Committee, said, the idea of planned economy is to do as many things as you have, and the idea of market economy is to pay as much as you want. Tieling, a city that is not rich, has invested 654.38+0.02 billion yuan to build a new city in three years with a brand-new concept of building a city.