Implement capital construction. Changing appropriation into loans and changing the use of state-owned funds from free to paid is a major reform of China's investment management system. However, "changing the allocation to loans" has not fundamentally solved the shortcomings in China's investment field. In terms of investment funds, the investment held by the central government is not compatible with the key construction tasks undertaken, and the source of funds is not stable enough. In the investment arrangement, administrative measures are still taken to divide the money into pieces according to the affiliation. Rights, responsibilities and interests are still out of touch, and it is quite common to spend money by exposure.

Establishing a capital construction fund system and using the construction funds arranged in the national budget for some major social development projects as capital turnover will help to overcome the above disadvantages. In the national capital construction plan, the capital construction fund includes two contents: one is to allocate funds for investment in non-operating projects, and the other is to use loans from the national capital construction fund for investment in operating projects. The capital construction fund shall be separated from other financial revenues and expenditures, earmarked for special purposes, and maintained and increased in value. At the same time, the use of loan funds strengthens the commodity attribute of investment and enables the country to establish a new economic relationship between capital supply and capital users. This is of great significance for reducing financial burden, stabilizing investment sources, hardening investment budget constraints and improving investment efficiency.

In addition, to achieve economic take-off, we must have sufficient national economic development potential. Those basic industries, infrastructure and major social development projects require a large amount of investment and a long construction period. Therefore, it is necessary to ensure a stable and sufficient source of funds for these projects. The establishment of the capital construction fund system meets the needs of this realistic development and is an important guarantee to promote the coordinated and stable development of China's economy.