SUSTAINABLE DEVELOPMENT OF THE LOCAL GOVERNMENT INDUSTRIAL INVESTMENT FUND IN HENAN, CHINA

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

Abstract


The purpose of this study is to explore the determinants of sustainable development of the industrial investment fund for the local government in Henan, China. In China, the industrial investment fund began with the establishment of an overseas investment fund. China has become the second-largest equity investment market in the world. In recent years, industrial capital has thrived. Local government investment funds in China also have a broader role and value and become an important financing channel that can be operated and promoted by local governments. Methodologically, this study constitutes a quantitative study. Rather than describing variables as a cause, another is the effect. In this study, it is aimed at all residents in Henan Province, China. The review uses the simple random sampling method under the probability sampling design, utilising survey methods that include standardised questionnaires. Finally, 520 samples were used for this study. The result shows that industrial investment fund for the local government in Henan, China will be an infrastructure for economic progression.

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sustainable development, local government, industrial investment fund

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DOI: http://dx.doi.org/10.46827/ejmms.v6i1.948

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