Study On Formation Mechanisms Of Bubble Economies And Impact Of It On Financial System And Economic Operation In China

According to international experience, bubble economy always occur while the economy rapid developing and the country growing up. China become more powerful and its economy expand fastly. So China must attach importance to bubble economy and take steps to prevent its happening. In the great situation that the economic system reform deepening constantly and opening policy expanded to all area, the exchange rate of RMB increasing quickly, the capital inflow largely. The capital market , especially stock market fluctuate continually. The price of real estate lack stability continuously. Now it is very important to prevent bubble economy happening and non-performing assets forming, it is also valuable for maintaining the stability of finance, economy and society in china .The thesis adopts the method of the combination of thoery and practice. The conclusion is based on some modern economics theories such as the economics theory and socialist market economic theory ,etc, especially information economics theory, system economics theory, behavior finance theory. The thesis use the view of system theory, defines the relevant concept of the bubble economy and reviews the relevant research. The thesis combines the economic situation of our country and bubble characteristic, studies the reason why the bubble economy forming from the respects , such as rule factor, structure factor, policy factor , technological factor and psychological factor,etc. The thesis found a integrated analytical frame of bubble economy cause in china, analyses which role the financial institution acted in the course of bubble economy forming, studies the influence that may produce to the financial system and economical operation after the bubble economy collapse. Finally, because of the above-mentioned results of study, the thesis put forward some countermeasures and suggestiones that preventing and controlling bubble economy and non-performing assets forming in some aspects such as institutional improvement, structural adjustment and optimizing, etc.The conculsion of the thesis still shows, the problem that must be faced after bubble economic collapse is how to treat the bank non-performing assets and problematic financial institution. Assert management corporation is arranged for the problem. There are some rule and structure reasons in the non-performing assets forming, the bubble economic is the important reason among them too. With the economy rapid developing and constant perfection of the rule and structure, we should prevent bubble economy and pay attention to its influence to financial institution assets quality. It will be the great subject that our country face within quite long period to take precautions against the non-performing assets and treat problematic financial institution. For assert management corporation has its professional advantage and unique action, it should play an important role in further.