Generally, 2% of the land transfer income obtained by bidding, auction, listing and agreement transfer of state-owned land use rights is mainly used for the expenditure of paid land use management. Revenue from the transfer of state-owned land use rights (hereinafter referred to as land transfer revenue) refers to the total land price obtained by the government through the transfer of state-owned land use rights.
Land revenue fund
It is a special government fund set up to improve China's land reserve system, avoid the short-term behavior of local governments and make long-term planning for land development and utilization. Land transfer income held by local governments, mainly from local governments, is managed by commercial banks or asset management institutions as fund managers, commercial banks and other financial institutions as custodians, and is managed by the land reserve center.