(Correspondent: Zhao Na) On November 6th-7th, the 7th China Public Finance Forum with the theme of Modern Fiscal and Taxation System Reform in the Fourteenth Five-Year Period was held and closed successfully at School of Economics of Shandong University. Affected by the epidemic, the forum was carried out in a combination of online and offline. This forum was co-sponsored by School of Economics of Shandong University, the Journal of Economic Research, and other institutions. The forum invited more than 140 scholars and postgraduates from 35 universities and research institutes to participate. Professor Guo Yuqing, Associate Professor Hu Hua and doctoral student Xue Qiqi were invited to participate in the conference.

The forum organized a keynote report and more than 20 theme parallel forums in the form of Tencent online conference, and selected 3 excellent papers from more than 110 conference papers. Professor Guo Yuqing and his doctoral student Xue Qiqi won the excellent paper award for the paper Easy and difficult to attract funds for government-social capital cooperation projects-based on the perspective of financial sustainability”. This paper constructs a general equilibrium theoretical model based on the perspective of fiscal sustainability, and analyzes the impact of local government debt pressure on the social investment rate and project implementation rate of PPP projects. Then, by matching the manually sorted government debt balance data in the budget implementation Bulletin of prefecture level municipal governments from 2015 to 2019 and the PPP project management database data officially published by the Ministry of finance, the fixed effect model of capital introduction rate and the event history model of landing rate are constructed respectively to carry out the econometric analysis of the impact mechanism of debt pressure at the prefecture and municipal level, and provide the capital introduction ease. The research provides policy suggestions for promoting the sustainability of local finance, such as preventing the impact of hidden debt risk, guiding the flow and allocation of social capital, and standardizing the social investment attraction procedures of PPP projects.

It is reported that the China Public Finance Forum is jointly sponsored by Peking University, Renmin University of China, Xiamen University, Shanghai University of Finance and Economics, and Wuhan University. It is co-sponsored by the journal of Economic Research Magazine. It aims to promote China's financial theory and policy research and provide a high-level platform for academic exchange and cooperation for experts and scholars. The first China Public Finance Forum was hosted by Peking University, the second by Xiamen University, the third by Shanghai University of Finance and Economics, the fourth by Wuhan University, the fifth by Renmin University of China, and the sixth by Zhejiang University. This forum is the seventh session of the China Finance Forum, and Professor Fan Liming, President of Shandong University, is the chairman of this forum. The eighth forum will be held at Fudan University in 2022.