Breaking through the Institutional Barriers of Private Capital Entering Urban Public Utilities

DOI

10.2991/isbcd-16.2016.5How to use a DOI?

Keywords

Private capital, urban public utilities, institutional barriers, administrative monopoly

Abstract

Urban public utilities are the carrier and the foundation of economic and social development, its development level and the rate of development directly relate to urban economic development and overall social progress. Long-term single government investment has caused various disadvantages such as out-dated management system and low operating efficiency, so it is imperative to absorb private capital and competition mechanism into urban public utilities. A series of institutional barriers due to the imperfections of the system, that is traditional institutional barriers, administrative monopolistic barriers, credit and financing barriers and so on, impeded private capital to enter urban public utilities greatly and reduced the enthusiasm of private enterprises in the construction of urban public utilities significantly. To break through these institutional barriers, the government should perfect the policies and regulations to protect legitimate interests of private capital to participate in the construction of urban public utilities; and speed up the separation to transform governmental functions; and innovate financing system to widen the financing channels and modes and set up the Government's credit to enhance private investor's confidence.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - YanHua Sun
AU  - Erbin Li
PY  - 2016/11
DA  - 2016/11
TI  - Breaking through the Institutional Barriers of Private Capital Entering Urban Public Utilities
BT  - Proceedings of the 2016 International Symposium on Business Cooperation and Development
PB  - Atlantis Press
SP  - 23
EP  - 26
SN  - 2352-5428
UR  - https://doi.org/10.2991/isbcd-16.2016.5
DO  - 10.2991/isbcd-16.2016.5
ID  - Sun2016/11
ER  -