The application conditions are relatively strict, the application procedures are complicated, the number of people is large, and the policy environment is unstable. According to the inquiry of Shandong Water Conservancy official website, Shandong Water Conservancy Construction Fund may have certain requirements for application conditions, and it needs to go through a series of procedures and approval processes. The fierce competition among applicants is influenced by macroeconomic and budgetary factors, which leads to unstable policy environment and increased application difficulty.