Real Estate Macro Control And Micro-system Arrangements

In this paper, the anther try to take the real estate market as an example, to understand the contact within the macro adjust and control and the micro-system.In the last few years, central government lead a great deal of macro adjust and control policies to the real estate market, but the effect of macro adjust and control is not notable, the building price still raise stubbornly, the financial risk, social problem that concealed in it is still rigorous. The anther think such a result comes from some deep system source.This article is divided into six parts totally. The first part is a foreword, introducing the present condition of macro adjust and control in the real estate market, and the research result of the real estate macro adjust and control that academic circles got, and the writing way of thinking of this article. Chapter 1 analyzes the hot source of the real estate market from the system. Chapter 2 analyzes the benefits structure of the real estate market. Chapter 3 studies the influence of each interest group's behavior that done to the macro adjust and control. Chapter 4 make a further discussion toward the macro adjust and control together with the foundation system arrangement. The end is a conclusion.The point of the article is chapter 1, chapter 3 and chapter 4.Chapter 1 carries on the research from three foundation systems, first is the public finance system, the cent tax system reform of 1994 strengthened the public finance strength of the central government, but have not reasonably considered the request of local government on the public finance, it caused the local government must look for the public finance income outlet of the non- tax revenue under the public finance pressure, while thesailing income of the land use rights feats all the conditions, it becomes the way of increasing the public finance income that the each level local government notice first. Second is the system of the land, because the law provides that the land use rights must be taken back the government-owned in the way of imposition by local government first, then should be offered for sale, that is to say, the local government plays an role as an "wholesale dealer", it makes relative parts, especially the local governments can lay hands on the increase value of land during the process of imposition and offering for sale .The third is the financial system, as the most important financing institution in our country, under the pressure of commercial management, bank loan to the real estate market, on the one hand is because banks can acquire a large quantity of profits inside the short date , on the other hand is because the risk responsibility hiding in the real estate market will not fall to persons due to the defects of the bank risk control system and the responsibility system. At the same time, the infusion of stock market funds and international hot money also makes the real estate market more prosperous.Chapter 2 combs out the benefits structure of the real estate market under this kind of background, including main interest groups( the central government, local government, bank, real estate developing company, demolished family and land imposition farmers, building speculator and building buyers), and their profits.Chapter 3 analyses how each interest group react to the central macro adjust and control under the driving of benefit, particularly, how the local government and banks play game with the central government by making use of resources that mastered in their hands. The central macro adjust and control then can hardly attain the ideal result under this kind of productiveand Counterproductive.Chapter 4 make a further discussion about the relationship between macro adjust and control and the foundation system arrangement. The nation's basal system - the state-owned land system- is the source of numerous problem of the real estate market, together with relative land system, public finance system and financial system, under such background, local government and bank's reaction( procrastinate or eliminate the solution)to the policy of real estate macro adjusts and control are reasonable and inevitable. However, that more difficult to resolve is, the state-owned land system makes the government carry two kinds of completely contradictory jobs , play two kinds of completely conflicting roles, all these basically decide the present condition and the result of the real estate macro adjust and control.The end of this article is a conclusion.The author hope that the research of this kind of angle would establish contact between the policy of macro adjust and control with the arrangement of micro systems, it could make others to have a kind of all new and more thorough comprehension with the movement of systems and macro adjust and control, thus could have a help towards designing the more reasonable legal system and policy of macro adjust and control.