INDUSTRIAL INVESTMENT FUND SUSTAINABILITY FOR THE LOCAL GOVERNMENT IN HENAN, CHINA

Zhang Li, Jacquline Tham, S. M. Ferdous Azam

Abstract


The rapid development of industrial fund has become an essential supporting force to promote China’s economic restructuring. The purpose of this study is to determine Industrial Investment Fund Sustainability for the Local Government in Henan, China. To review the research phenomenon empirically and theoretically, two factor theories, quasi-public theory, market failure theory and theory of sustainable development have been discussed, together with review of domestic research on the development of local government industrial investment funds. Quantitative methods are considered to be more suitable for this study. Primary objective is to provide researchers with a description of the apparent facts of interest. Quantitative results mainly involve statistical analysis of collected data. In this study, the data interpretation of statistical analysis is used to describe the expected final results of the study clearly. The questionnaire of the present study based on the existing literature and past researches regarding student satisfaction in different contexts. The empirical findings of this study that supervision system structure, market exit mechanism and professional talents are significant factors that stimulates peoples’ industrial investment fund for the local government in Henan, China is similar and confirms with the findings of previous scholars. Thus, transparency is the main impetus of China’s financial development. Without change and opening, there would be no China today. However, contrasted and the genuine needs of monetary development, China’s receptiveness to the outside world is as yet inadequate.

JEL: L10; L16; L78

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Keywords


industrial investment fund, sustainability, local government

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DOI: http://dx.doi.org/10.46827/ejefr.v4i3.946

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