Analysis of Regulations and Laws Related to Equity Finance

This paper focuses on the analysis of Regulations and laws related to equity finance. It begins by introducing equity finance as a new fiscal model emerging due to the challenges faced by the traditional land finance model. The model offers local State Institutions a new way to obtain revenue and promote economic transformation but also comes with its own set of challenges. The paper then details the regulations support for equity finance at the municipal, national, and local levels, including measures such as adjusting investment Regulations, issuing tax announcements, and implementing trial measures. It further elaborates on the legal provisions governing equity finance, especially in the context of state-owned financial enterprises and local fiscal funds. Finally, it discusses the current situation and challenges of equity finance, highlighting its benefits in reducing dependence on land finance, alleviating revenue-expenditure contradictions, and resolving debt risks, while also noting the reasons for its temporary inability to replace traditional finance and the problems it currently faces.