The Real Estate Risk Management In The Eyesight Of Monetary Policy

China's real estate finance has been developed accompanied with the deepening of reform and opening, the innovation of urban housing system and land using system reform, and the recovery and development of real estate industry. After China joined in WTO, studies of funds accommodation and investment results under market economy condition have become the core question of real estate management and policy-making. Under the major tendency of real estate commercialization and monetization, the research on real-estate financial risk and relative prevention is extremely important in keeping the sustainable development of real estate finance in the 21st century.In recent years, along with unceasing advancement of the housing system reform in China, swift growth of the national economy and urbanization, China real estate industry presents a situation of high-speed development, which has gradually become a new growth point of national economy and consumptive hot spot. Along with rapid development of real estate finance, which is playing a pivotal role in the development of real estate industry, it has been an important strut of real estate industry development. However, the real estate industry was high risk business; the real estate finance inevitably undertakes the high risk of the real estate industry when it supports the rapid development of real estate industry. China's present financial system and the credit operating mode cause the real estate financial organization, especially the commercial bank that provide industry fund, have difficulty in releasing credit risk, the interest rate risk, the liquidity risk and the risk of policy and law through effective mechanism and suitable way, and the present financial system and the credit operating mode also make the financial organization bear a mass of finance risk at the time of lacking a driving system which expands the provision of housing credit. At the same time, the government wanted to enlarge the domestic housing demand to promote housing industry development by expanding the home mortgage which was a kind of expansionary finance policy, and that made real estate financial organization fall into dilemma. Historical lessons indicated that, real estate finance risk was enormous. Once broke out, it would rapidly affect the whole financial system and even affect the stability and advancement of the whole national economy. Therefore, we should urgently take positive measures to guard real estate finance, especially commercial bank's real estate financial risk.The thesis mainly consists of five parts. From the viewpoint of Monetary Policy, it firstly introduces the development of China real estate financial system, and comprehensively discusses real estate finance connotation, characters and China's development of real estate finance; it analyses China's real estate finance's sorts and causes from aspects of financial organizations'system and management, real estate enterprise credit and personal credit, and gives corresponding judgment; then it dissertates the relation between Monetary Policy and real estate financial risk, expounds Monetary Policy's transmission mechanism to risk function and makes qualitative with IS-LM model and quantitative analysis to the adjustment effect of Monetary Policy , accordingly proves Monetary Policy's availability to regulate real estate financial risk; Finally, on the basis of the foregoing research, proceeding with Monetary Policy's object, operation and relative regulating policies'cooperation, it puts forward suggestions on better exerting Monetary Policy to manage China's real state finance risk.