On The Development Of China's Resident Personal Housing Mortgage Lending

The housing problem has long been a serious problem that encumbers every nation of the world, whether they are developed super powers in economy or underdeveloped poor countries. As an industry, housing can not only increase investment, but also lead and develop new consumption hot issue. It has a high connection with other lines of business or departments. During the Ninth Fiveear plan period, housing construction had been decided as a new growth dot in China s economy and it had led to a continue acceleration in economic development. The question about how to introduce this business, which is not only connected with the citizens?personal welfare but also a leading dot in the economic into a goodatured developing area is a strong comprehensive research issue. This thesis, from the angle of housing finance, attempts to deplore the development of mortgage loan business for personal housing which is a necessary financing service for the further development in housing business.There are 3 chapters in this thesis. Chapter one analyzes the current meaning of developing the personal housing consumption credit from the angle of housing finance. The care of housing system reform is to realize the commercialization of housing. During the Ninth Fiveear Plan period, China had decided the housing construction as a new growth dot in economic development in order to set it as a leading dot to stimulate the whole ecotimic development. It is the materialistic requirement in the economic development and it is also a guarantee. However, the most important factor of realizing the reform objective of housing conunercialization is that individuals are able to enter the market as purchasers who have the ability to pay, and that housing should be commercialized in the consumption area from its development and circulation. Since housing is a more valuable consumer product in the consumption area with a longer period for using, it is necessary in the course of housing coeunercialization to have the introduction and stimulation of finance. The housing finance, as a means of housing consumption credit, closely connects individuals and banks. Through the personal housing security lending, it is sure to realize the downayment of the citizens?future revenue, thus to develop the effective demand object in the housing market, to smooth the housing commodity?s circulation, and to deepen further the housingcommercialization reform.Personal housing mortgage loan, as a consumption credit, is the core of housing finance. It facilitates to favor the credit structure in the housing finance, to turn down risks, thus to adjust the whole proper development in the housing finance to guarantee the conversion of housing system and the formation of housing to be a new economic growth dot, thus to increase production through consumption in order to make a new economic growth dot.Chapter two analyzes the factors influencing the development of housing consumption credit from both the inner and the outer sides of finance system in housing. China is not at the preliminary stage of market economy developing . The welfare allocation thought in planning economy still has a series of unfavorable impact on the development of the housing finance. For the long time the welfare system of low renting has been continued and the rent adjustment remains in a very small margin. Compared with the residents?income, the current rent seems too high. The housing mortgage loan business developed for a short period, the designs for loan items are not reasonable, and China is short of the second market for housing mortgage. All the factors lead to a slow development in the personal housing mortgage lending business in China.Chapter three shows that the further development of the personal housing mortgage loan is an inevitable trend. The key to that is how to erase the unfavorable factors. We will deal with this from two inner and outer sides in the finance system. On one hand by keeping an eye on the reasonable rent outside the finance system, we?11 adjust the...