Research About The Credit Crisis Of China's Real Estate Market

Market economy is the core of the real estate market as credit economy, market economy is an important part of the construction of credit environment. Along with our country housing system reform deeply, real estate trade has become China's important economic grow, loan has become our citizens to buy houses, one of the important means that the real estate market circulation and the coordinated development of the market economy, the orderly development of important significance. Currently in effect on the global economic system of financial crisis is the "by the sub prime crisis" evolution of a credit crisis caused by the global financial crisis, therefore the credit in the market economy system is particularly important. Credit is the core of market economy, economic globalization is the objective choices, trust in the operation of market economy plays a benign operation, maintenance of economic trade risk prevention, reduce transaction costs.So for the credit system is not perfect, also exists in China's real estate bubbles phenomenon, the credit crisis not's allow to ignore. China has yet to establish perfect personal credit system, no quality no personal credit rating agency, objective and scientific, reasonable and personal credit evaluation standard, which makes the building trades in the process of credit circumstance lacking buyers squadron, the real economic situation and the buyers have the repayment ability of economy clearly understand, for homebuyers personal material authenticity cannot make accurate judgment. This often leads to some house owner false declaration to gain personal material with a large amount of loans, which is often cause defaults. Because the building is a kind of special commodity prices, housing market, bank interest rates by as the macroscopic and microscopic economic situation, the influence of the change. When the wave occurs, the first affected is loan buyers, when prices below their expectations, even if they are in the hand of the housing sell cannot pay off the loan from the bank, most people will choose to break for his loss to the minimum. This will eventually affect the bank to bank capital recycling, brings the enormous loss of the whole country, even the economic order is a jolt. The real estate market credit crisis is transformed into the market could financial crisis, the severity of acceptance.This paper studies on the real estate market in China is the individual credit system analysis, from Shenzhen housing broken for such phenomena of China in personal credit system construction in light of the existing problems are discussed, and attempts to explore the construction of personal credit system, the theory of appropriate way of practice. This article mainly from the Angle of system analysis of the real estate market credit problems on the real estate market, the individual credit problems from internal and external moral restriction of legal restriction, trying to analyze from the law, government supervision and restriction of moral and promote our personal credit system in real estate market, thanks to the credit crunch and the financial risks, and puts forward some constructive Suggestions. This key lies in the innovation and to present the real estate market credit analysis, from the perspective of system, emphasizing the intrinsic moral restriction and the important significance of external legal restriction. In the process of establishment of individual credit system, emphasize internal and external restriction factors restricting the comprehensive. In the system, establishing formulated by the relevant laws and regulations on the government under the supervision of personal credit system, the role of government in the planning, legislation, the important role. Also want to develop social (folk), establish relevant supervising agencies, according to the mechanism of traditional Chinese culture, the cultural characteristics of moral level for starting from the whole society, trying to build a good credit environment.This research is as follows: one, from the connotation of the credit, from the Angle of economics and sociology to explore the credit of double meaning. This paper economic sociology Angle that trust is a kind of social capital, trying to explore trust from the system. Two is analyzed, and the role of credit in economic life, credit is the core of market economy, economic globalization is the objective choices, trust in the operation of market economy plays a benign operation, maintenance of economic trade risk prevention, reduce transaction costs. Third, from the Angle of system is credit analysis, emphasizes the internal mechanism and system function, and analyzes the mechanism of external two mechanisms of important role in the credit. Four, from "Shenzhen outages" wait for a phenomenon, analysis of China's real estate market credit environment of crisis, the real estate market in China's personal credit system, if not timely remedial will threaten the entire market economy and coordinated development. Five are analyzed, some developed countries of personal credit system construction experience, in contrast with the advanced experience of personal credit system of China's construction of defects and deficiencies, and the future of China's real estate market for some personal credit system construction in the future, the personal credit system construction, we should from the legal norms, government regulation and supervision of public opinion from the aspects of morality, establish our personal credit system. In the relevant laws and regulations on the real estate market under the guidance of personal credit system construction.