Our Housing Finance System Change Research

The housing finance development is specifically manifests of one country's composite indicators including economy,finance and national quality of life and so on. It is one of important symbols of one country's economic system mature, also is the power impelling the healthy development of the national economy. Specifically mentions, the housing finance development possibly hashes dual positive influences, then expands the housing supplies ability and stimulates to the housing effective demand simultaneously. Looked from the housing supplies, through provides the fund and the financial service for the housing production, the housing finance may effectively solve contradiction that the housing production fund demand and cycle, thus expands the housing producer's supplies ability. Looking from the housing demand , the housing finance may solve the problem which the home-buyer immediate payment ability is insufficient, shares within a certain number of years the home-buyer immediate burden, thus realizes expends ahead of time.The housing finance is playing the extremely vital role in the real estate industry development, it already provides the sustainable fund support for the real estate industry development, thus is helpful to impel real estate industry to become the national economy the forerunner industry, accelerates and leads the national economy fast benign development, simultaneously also regulated the real estate industry development to provide the effective space and methods for the government.Developing the housing finance is the important content of our country's housing system reform. Causing the housing industry to become our country new economic growth spot, a important aspect is must advance our country's the housing system reform, but improves and develops housing finance is one of important constituents, if housing finance will not be carried on the synchronized reform and development, the housing system reform is impossible to be deepen.Our country's housing finance produces and develops along with the cities housing system reform. With the deepness of housing system reform, developing housing finance is becoming imperative in our country. Housing finance has a history of several hundred years in foreign countries, and these countries have set up a good housing finance system. In the same time, it impelled enormously the economy in these countries. But it began to develop within two decades in our country after the reforming of housing system. Especial after 1998, we stopped dispensing the housing in object and tuned to dispense the house in the currency. Housing finance in our country entered into a fast growth period, which is also playing an increasingly important role in improving the development and stability of housing market and the national economy. Meanwhile, our country's housing finance is also facing numerous obstacles, in which many of the deficiencies in the existing institutions has become an important factor hindering the further development of housing finance. This paper aims at analyzing problems that exist in the institutional structure and environment of our country's housing finance, and then put development path of our country's housing finance system and feasible policy recommendations to develop and perfect housing finance system.The paper is divided into five chapters: the first chapter is introduction part that expatiate the background, research methods, the innovative ideas and the confine of the paper. ChapterⅡis the general theory of housing finance institution. This chapter introduces firstly some theories of Institutional Economics and housing finance, and then put the general framework of housing finance institutions'structure. ChapterⅢis the analysis of stages of institutional change in our country's housing finance, which mainly makes detailed analysis on dynamic change of housing finance institutions' structure and sum up the characteristics of each change stage. ChapterⅣis the way and features of institutional change in our country's housing finance, which mainly makes theoretical description on features reflected in the institutional change of housing finance on the whole. ChapterⅤis the reform measures for our country's housing finance institution. This chapter, in light of Chinese special conditions, put forward developmental path of housing finance institution and feasible ideas and methods to develop and improve housing finance institution.