At present，the construction of new urbanization in Henan Province has achieved remarkable results，and has entered the period of scientific development. However，the urbanization is faced with huge financial pressure，and there are many problems in traditional mode of urbanization investing and financing mechanism，such as huge financing gap，single financing channel，unsustainable land finance. Therefore，we are in urgent need of taking countermeasures to construct diversified and sustainable urbanization investing and financing mechanism，such as establishing local government debt financing mechanism，innovating policy financing mechanism，improving public-private financing mechanism，and promoting matching reform.