Investment And Financing Mode And Mechanism Adopted By State-Owned Investment Groups In Chongqing, China

Abstract

Chongqing Municipality is a well-known historical and cultural city in China and has a civilization history of over 3000 years. Opened to foreigners first in 1895, it has been the earliest trade port ever along the Yangtze River area. During the World War II, Chongqing became the wartime capital of China and also headquarters of the Allied Forces in the Far East. It was the political, economic and cultural center of China and Asia as well. Chongqing was administrated under Sichuan Province. In 1997, Chongqing became a direct-administered municipality under the central government, covering a total area of 82,400 square kilometers, the city consists of 40 districts and counties (cities) with a population of 31.54 million. The central part of Chongqing, where 5 million people inhabit, is located at the confluence of the Yangtze and Jialing Rivers. Such a geographic location makes the city a world-known “city of mountains and rivers”. The implementation of the “West China Development Strategy” started from 2000 by the central government, has provided Chongqing, the only municipality in West China, an unique opportunity to speed up its social and economic development. Currently, Chongqing is the metropolis, important industrial and commercial base and education, science /technology and cultural center not only on the upper reaches of the Yangtze River, but in the whole western part of China.