Relationship Between Credit Expansion And Real Estate Bubble In China

Our country's real estate business rise from the 80's of the 20th century, 90 years to grow, the development of the past 20 years has made remarkable achievements; not only improved the living quality, but also promoted the rapid development of China's economy. Real estate business has become the national economy, basic industries and pillar industries. Beginning in 1998, China carried out Housing institutional reform, the end of a welfare housing distribution system, marks the beginning of the commercialization of housing. "Residence person has it's house" is the dream of every Chinese people, residents of the housing system reform made rapid growth in housing demand.Fall in this background, China's real estate prices rising since 1998, real estate invest warming. From real estate development loan to the individual housing loans, banks provide a stronger credit support, Because of this policy of support to make our real estate prices rising. The main body of a book selected topic exactly immediately hereof background, take bank credit policy and the real estate business relation as starting point, study bank credit policy of expansion contacts with real estate price and real estate foam inherence. Main research results is:First, pass the examination to our country real estate credit current situation, analyse the characteristic reaching our country real estate credit: 1.The development financing channel of real estate is limited; 2.Real estate credit organization is unitary, systematicness risk focuses on the bank; 3.Real estate finance business focuses on primary market; 4.Policy real estate credit hiatus.Second, by the fact that the event carries out a retrospect on the foam expanding the real estate initiating in recent years from bank credit abroad,draw lesson from it gaining enlightenment: 1, bank credit behavior is shattered in real estate foam formationsum having brought the important effect into play in process. 2, the finance manages system lagging, oversees the condition being that bubble economy can be grown up with no efficiency.Third, passes even the part relation model structuring bank credit dilation and real estate price, analyses the conclusion reaching bank credit expanding the important cause being that price goes up lead to real estate, and then use the latest data on both Analysis of the relationship test, validate conclusions; the next selection appropriate target synthesizes our country real estate froth measure coefficient, and carries on the regression analysis to our country real estate froth measure coefficient and between Our country bank credit quantity's relations, obtains the bank credit expansionist policy is the essential condition conclusion which our country real estate froth produces.