Setting a New Benchmark for Value and Jointly Exploring New Paths for Development—The 2025 Fixed Asset Project Investment and Financing Forum Successfully Held in Kunming

In the autumn season, the spring city boasts a crystal-clear blue sky, and Dianchi Lake sparkles with shimmering waves. In this season brimming with hope for a bountiful harvest, 2025 The Fixed Asset Project Investment and Financing Forum was held grandly in Kunming. This forum focuses on... " Transformation and Innovation · Integrated development " Hosted by the Central University of Finance and Economics, and co-organized by the School of Finance and Taxation and the Institute of Political and Financial Research at the Central University of Finance and Economics, with support from the Yunnan Provincial Engineering Consulting Association, the Heilongjiang Provincial Engineering Consulting Association, Yunnan Yingzao Engineering Design Group Co., Ltd., CITIC Kaijing (Wuhan) Engineering Consulting Co., Ltd., and Zhongzhengqi. ( Beijing ) Eight industry associations and leading enterprises, including Engineering Consulting Co., Ltd., Dongtian Planning & Design Research Co., Ltd., Zhongtou Zeshi (Beijing) International Consulting Co., Ltd., and Beijing Shenghua'an Consulting Co., Ltd., are co-organizing the event. Participants come from government departments, financial institutions, academic institutions, and the business community. 200 The remaining delegates gathered together to jointly explore. " Fifteen five " New Opportunities and New Challenges in Fixed-Asset Investment and Financing for the Year of Strategic Planning.

Forum venue

 

 

Focus on macro policy guidance and take the pulse of new regulations shaping industry development.

 

The forum kicked off with an opening address by Professor An Xiumei, Director of the Institute of Government and Public-Private Partnerships at the Central University of Finance and Economics and doctoral supervisor. In her address, Dean An emphasized that the country is currently at a critical juncture of continuously optimizing its economic structure and shifting its growth drivers, and the economic development model is transitioning from the past... “ Incremental expansion ” Turn转向 “ Improve the quality of existing stock ” In the context of connotative development, fixed-asset investment—being a crucial engine driving economic growth—is seeing its investment and financing models undergo profound transformation and restructuring. She pointed out that this forum aims to establish a high-level platform for dialogue and exchange, bringing together wisdom from government, industry, academia, and research institutions to jointly explore cutting-edge theories, innovative practices, and emerging trends in the field of fixed-asset investment and financing.

An Xiumei delivered the opening remarks on behalf of the organizers.

 

Subsequently, Li Chengzhi and Hou Yigang delivered speeches on behalf of the Yunnan Provincial Engineering Consulting Association and the Heilongjiang Provincial Engineering Consulting Association, respectively. From different perspectives, they elaborated on the crucial significance of fixed-asset investment for economic growth, industrial upgrading, and social development, and shared practical experiences and innovative explorations from various regions.

Li Chengzhi delivered a speech on behalf of the co-organizer, the Yunnan Provincial Engineering Consulting Association.

Hou Yigang delivered a speech on behalf of the co-organizer, the Heilongjiang Provincial Engineering Consulting Association.

 

Interpreting the new policy regulations and clarifying the direction of development.

 

At the forum, Zou Yong, former Deputy Director-General of the Regional Economy Department of the National Development and Reform Commission and First-Level Inspector, provided a detailed interpretation of the “Administrative Measures for Investment Consulting and Evaluation Entrusted by the National Development and Reform Commission (Draft for Comments).” He emphasized the importance of standardizing the mechanisms and procedures for entrusted investment consulting and evaluation, as well as enhancing the quality of consulting and evaluation for fixed-asset projects, in order to effectively prevent local government debt risks and improve investment efficiency.

Zou Yong Interprets the “Investment Consulting and Evaluation Commissioned by the National Development and Reform Commission”

Management Measures (Draft for Soliciting Comments)

 

Zhu Xuedong, former first-level inspector of the Bureau of Retired Cadres of the People's Bank of China and a director of the China International Economic Strategy Association, focused on “Consolidating the Foundation and Cultivating the Essence.” Wisdom Ushers in a New Journey —— “Reflections on the Continuous Standardization and Practical Implementation of Fixed-Asset Loan Management Systems” — a presentation that systematically reviews the evolution and standardized practices of fixed-asset loan management systems, highlighting the need for financial resources to be directed more precisely toward real-world projects with sustainable cash flows and strategic value, thereby reflecting the central government’s guidelines. " Strengthen financial support for the stability of the real economy. " Policy requirements.

Zhu Xuedong Explains the Regulations and Practices of Fixed Asset Loan Management.

 

 

Value Reimagining in a Global Perspective: Innovation-Driven Development

 

Li Huihui, Professor of Management Practice at emlyon Business School in France, Partner at a private equity venture capital fund, and Chief Economist at Zhongtou Zeshi, delivered a keynote speech titled “Strategic Resilience in a Globally Transforming World: The Long-Term Value Anchor for Fixed Asset Investment.” Professor Li argued that in the current global environment—marked by high interest rates, geopolitical conflicts, and the green transition—fixed asset investment’s long-term value should be anchored to five key dimensions: cash flow visibility, systemic criticality, policy resilience, neutrality in capital structure, and technological coupling. This framework provides a new methodology for identifying high-quality projects that truly possess cyclical resilience.

Li Huihui shares the anchor for the long-term value of fixed assets amid global shifts.

 

Wen Laicheng, professor at the School of Finance and Taxation of the Central University of Finance and Economics and doctoral supervisor, on “Fiscal Equity Investment in China” —— Entitled “Future Challenges and Prospects,” this report provides an in-depth analysis of the role and current status of fiscal equity investment in promoting technological innovation and adjusting economic structures. It points out that fiscal equity investment must place greater emphasis on synergy with market capital and establish more resilient exit and circulation mechanisms.

Wen Laicheng shares the opportunities and challenges of fiscal equity investment.

 

Yi Jianhua, Chairman of Yunnan Construction Engineering Design Group Co., Ltd., delivered a keynote speech titled “Interpreting Fixed-Asset Investment from the Perspective of Generalized Value Engineering.” In his speech, he innovatively integrated... " Generalized Value Engineering " The theory is introduced into investment and financing decision-making, advocating an evaluation of projects from the perspective of optimizing costs and benefits across their entire life cycle, thereby avoiding ineffective investments and resource waste, and aligning with national goals. " Eliminate blind investments and enhance capital efficiency. " the guiding spirit.

Yi Jianhua Interprets Fixed-Asset Investment from the Perspective of Broad-Spectrum Value Engineering.

 

 

Synergistic innovation through diversified financing, “ Three-Pool Interconnection " Solve the puzzle

 

Song Yingzhong, Director of the Project Investment and Financing Research Center at the Institute of Government-Enterprise Relations of the Central University of Finance and Economics, systematically reviewed special bonds, policy loans, and... REITs 、 PPP The application scenarios and practical guidelines for new mechanisms and other diversified financing tools provide a practical guide for project financing, according to Ma Huimeng, Chairman of Guotou Jingkai (Wuhan) Engineering Consulting. " Asset pool, funding pool, project pool " The “three-pool synergy” approach emphasizes leveraging top-level planning to achieve resource integration and value transformation, thereby helping local governments overcome challenges. “ Financing ” The impasse offers a practical path forward. Li Bin, Chairman of Zhongzheng Enterprise Consulting, focuses on comprehensive land remediation and proposes leveraging holistic financing strategies to enhance the efficiency of land resource allocation.

Song Yingzhong shares “Financing for Fixed-Asset Investment Projects under the New Situation”

Main Pathways and Project Planning

 

Ma Huimeng shared “Top-Level Planning Practices and Reflections on Asset Pools, Funding Pools, and Project Pools in Local Government Project Development.”

 

Li Bin shares “Ideas for Financing Planning of Comprehensive Land Remediation Projects.”

 

 

As new economic models rise, investment and financing strategies must adapt accordingly.

 

Liu Xiaowen, Director of the Industry Research Center at the Institute of Government and Corporate Governance of the Central University of Finance and Economics, analyzed the investment and financing characteristics of emerging sectors—including new energy, the digital economy, the low-altitude economy, and the silver economy—based on current industrial development trends. He pointed out that these sectors not only exhibit high growth potential but also rely more heavily on the dual-drive of policy guidance and market innovation, necessitating the development of financing models that differ from those used for traditional infrastructure projects.

Liu Xiao Wen shares “Local Investment and Financing Strategies for New Economic Business Models.”

 

 

Theoretical and practical approaches are deeply integrated—new guidebook officially released.

 

During the forum, a launch ceremony was held for the new book, “Investment and Financing Guidelines and Selected Case Studies for Fixed-Asset Investment Projects.” The book was edited-in-chief by Professor An Xiumei from the Central University of Finance and Economics, with Director Song Yingzhong serving as executive editor-in-chief. It took more than a year to carefully prepare, undergoing nearly ten rounds of refinement and revision before finally being officially published by China Finance & Economics Publishing House.

The entire book is based on “ Policy — Theory — Practice ” With a core focus on three-dimensional integration, this work is divided into three major sections: The first section covers fixed-asset investment and early-stage project planning, providing a scientific, comprehensive, and systematic exposition and analysis of the objectives, dimensions, priorities, pathways, methods, and techniques involved in fixed-asset investment decision-making, thus offering readers a relatively systematic theoretical and policy-oriented guide. The second section focuses on practical operations related to financing and investment for fixed-asset projects, emphasizing the basis, principles, methods, and procedures underlying project investment decisions, and providing readers with highly systematic and practical operational guidance. The third section features a selection of case studies and their analyses, covering fields such as municipal infrastructure, cultural tourism, rural revitalization, land consolidation, industrial park development, agricultural industries, cold-chain logistics, revitalization of existing assets, new infrastructure, urban renewal, healthcare and wellness, and the education sector. 66 A case study on the investment and financing of a fixed-asset project was shared, providing valuable insights and references for our readers.

Image source: China Finance and Economic Publishing House

 

At the launch ceremony for the new book, Zhang Xiaobiao, Director of the Fiscal Division of China Finance & Economics Publishing House, delivered a speech. He introduced that the book was jointly compiled by numerous policymakers, scholars, and business experts, and serves as a comprehensive guide to fixed-asset investment and financing tools, seamlessly integrating policy, theory, and practice. The publication of this book responds to the industry’s urgent need for standardized and replicable investment and financing models, and fully affirms its publishing value and practical significance.

Zhang Xiaobiao delivered a speech on behalf of China Finance & Economics Publishing House at the new book launch.

 

The book’s key creators—Ren Bing, Li Yun, Zhao Hongyu, Xiong Guangyuan, and Su Yujiao—shared their hands-on experiences from the writing process through a roundtable discussion. They stated that the book aims to become... “ Policy — Theory — Practice ” A reference tool for three-dimensional integration, helping readers through policy interpretation. “ Clarify the direction ” Relying on theoretical analysis to guide readers. “ Understand logic ” Help readers learn through case studies. “ Can operate ” Truly achieving the transformation from theoretical understanding to practical implementation, providing industry practitioners with comprehensive guidance and reference.

Roundtable Discussion

 

Building consensus and looking ahead: government, industry, academia, and research institutions collaborate to drive progress.

 

The forum concluded successfully amid in-depth exchanges and high-level consensus among the participating delegates. Song Yingzhong, Director of the Project Investment and Financing Research Center at the Institute of Government-Enterprise Relations at the Central University of Finance and Economics, pointed out that this forum was... " Government, Industry, Academia, and Research " A successful practice of deep integration. In the future, the Institute of Government and Finance will continue to leverage forums, specialized research, and policy recommendations to help build a more efficient, transparent, and sustainable investment and financing ecosystem, thereby supporting the country’s overall drive toward high-quality economic development.

The participants generally agreed that this forum closely aligned with the nation’s macroeconomic policies and industry pain points, combining intellectual depth, theoretical rigor, forward-looking perspectives, and practical applicability. It not only provided... " Fifteen five " The reform of the investment and financing system for fixed-asset projects during this period has provided valuable reference for promoting high-quality project development and has injected new momentum into the high-quality development of the fixed-asset investment and financing sector.

As one of the co-organizers of this forum, Zhongtou Zeshi (Beijing) International Consulting Co., Ltd. played a significant role in the forum’s preparation and implementation. Relying on its professional expertise and practical experience in the field of investment and financing, the company actively assisted with various tasks, including forum agenda planning, expert matching, and conference logistics, thereby providing strong support for the smooth holding of the forum and earning high recognition and praise from the organizers.

 

Zhongtou Zeshi (Beijing) International Consulting Co., Ltd., Founded 2008 Year 6 Moon, possessing 17 Years of professional engineering consulting experience, a company that specializes in... “ Zeshi ” A professional institution specializing in engineering project and investment & financing consulting, with the brand as its core and holding Grade-A creditworthiness qualifications as a national engineering consulting firm. It is a vice-chair unit of the Investment & Financing Professional Committee of the China Engineering Consulting Association, a member unit of the China Engineering Consulting Association, a member unit of the Engineering Management Professional Committee of the China Engineering Consulting Association, and a director unit of the Sichuan Provincial Engineering Consulting Association. The firm specializes in providing consulting services including feasibility studies for engineering projects, project evaluations, project construction management, investment and financing consulting, preparation of development plans, asset valuation, application for project funding, application for special government bonds, market-oriented transformation and upgrading of state-owned enterprises under local governments, revitalization of state-owned resource assets, and enhancement of the financing capabilities of state-owned enterprises. The firm has repeatedly won national-level and provincial/municipal-level awards for outstanding engineering consulting achievements.