Abstract:    The issue of fragmentation has long been a real obstacle to the smooth progress of regulatory activities in the field of public resource trading platforms. Practice has responded positively to the fragmentation of government regulation through two paths: technological adaptation and institutional reshaping. However, there have been studies that have not provided clear answers to key issues such as the measurement and interpretation of differences in different governance paths, and the interaction mechanism between technological adaptation and institutional reshaping.This study takes holistic governance and attention distribution as theoretical perspectives, and takes the regulatory reform of public resource trading platforms in China as the research object. The constraint analysis method of resistance and willingness is used to explore the applicable scenarios and governance differences of different governance ideas formed in practice.The article finds that the choice of regulatory strategies is not a single type, but rather a combination of multiple strategies that work together; The important reason for the formation of different governance ideas in practice is their choice of attention allocation due to the consideration of reform resistance and willingness when making strategic choices; The selection of regulatory strategies follows the order of governance entities, governance means, and governance rules, which contains a combination of technological adaptation and institutional reshaping.The research conclusion enriches the research on the process and mechanism of regulatory strategy selection, providing theoretical guidance and policy recommendations for improving the regulatory efficiency of public resource trading platforms in China.

Key words: the regulation of public resource trading platforms, holistic governance, attention distribution, technological adaptation, institutional reshaping