Empirical Research On The Relationship Between Bank Credit And Real Estate Industry In China

In the influence of the American sub-prime crisis, the global economy have been affected, our country is no exception, too. However, the crisis is still spreading, and the impact continues to expand, the China's real estate market has become very prosperous, the real estate market prices are still bucked the market and have been in high position. Of course, the great demand in the China's real estate market is an important reason for this case, but in such a high price of house, the effective demand for housing should be a serious shortage, but why is the price still high? This paper analyze the reasons for the high price by housing credit, research real estate prices and bank credit, the relationship between them, And how they affect each other.The text is divided into six parts:The first part elaborated the background and significance of the research papers on subjects, research status of research ideas, carding and research methods were summarized; The second part analyzed the transmission mechanism of bank credit in the real estate operation, elaborating on how bank credit actually gets involved in the process of capital flows of the real estate industry divided into three phases which are respectively land development phase, real estate development phase and real estate sales phase; The third part, discusses housing credit and the basic Situation of real estate prices:including the situation of China's real estate market, housing credit supporting both the housing supply and demand, the determinants of real estate prices and the impact of housing credit on real estate prices; The fourth part is the core part of this article, the part is mainly for analyzing the model of housing credit and real estate prices:including analyzing the data of them, Granger causality test, analysis of the real estate price bubble and its manifestations, and giving some suggestions. The fifth chapter based on the above study, puts forward the three policy Suggestions, such as real estate industry expand financing channels, flexible use credit policy tool adjustment of the real estate industry development and prevent the bank credit risk. The sixth part is to analyze conclusions of them and shortcomings.