Since early 1980s, in particular during the period of "7th and 8th Five-year Plan"(1986- 1995), China’s power sector has adopted successfully the policy of multichannel and diversified financing to raise funds as well as encouraging to introduce foreign funds for its development and has got tremendous achievements. This paper describes the channels and methods to raise funds from both domestic and international market to meet huge demand of funds amounting to 690 billion yuan RMBfor the sector development during "gth Fiveyear Plan" period (1996-2000) in the wake of overall reform and achievements in the past decade. This paper also presents the legal framework supporting to suit for the methods and channels of the financing. Some suggestions have been made.
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