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Since the reform and opening up , especially in recent years , the regulatory system of the government investment projects in China are maturing and reasonable, and also made ??some achievements . However , the current government investment system , especially in the investment system of local government , there are still many problems , rules and regulations are not perfect , the restraint mechanism is not in place , the government investment decision-makers , project construction field regulatory power is not strong , easily lead to investment mistakes and mismanagement , in particular, the Government 's investment decision-making more scientific and democratic need to further improve the effectiveness of the macroeconomic regulation and supervision of the investment to be enhanced , it is necessary to actively explore effective way to regulate the investment projects of the local government . The paper first analyzes the characteristics of the local government investment projects in China and local government investment regulatory characteristics , from the five aspects of the laws, institutions , organizations , tools and supervisory staff to discuss the issue of supervision of local government investment projects in China . Taking into account the degree of implementation of government investment projects , management and supervision of the various forms of international common practice of market economy countries , regions and organizations , this paper focus on the existing problems , such as the United States, the United Kingdom, Germany, France, Australia , and the world's developed countries and regions of the Hong Kong Special Administrative Region and other government investment experience in project supervision were described and analyzed . On this basis , the proposed recommendations to improve the supervision of the local government investment projects in China . Finally, to sort out the conclusions and direction for further research .
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