The Study Of The Real Estate Bubble And The Bank Credit Policy In China

China's real estate industry has developed very fast since the year of 2000, but at the same time, lots of cities'real estate price has been increasing, especially for some big cities, so many people can't afford housing. In order to promote the healthy development of the real estate industry and to prevent the real estate bubble, our government has taken a series of measures, such as tightening the bank's credit and the land transactions. Although the financial crisis in 2008 has affected the price of real estate to some extent, the real estate price continued to rise rapidly as the economy rebounds.Bank credit is one of the most important factors of real estate bubble. Based on this, the paper selected bank credit as an entry point to study the relationship between the real estate bubble and the bank credit. Firstly, I introduce the theory of the real estate bubble, including the definition, the forms, the operation mechanism and the impaction. Secondly, through the analyzing of typical events of real estate bubble in the world, we can find that the bank credit play an import role in the development of real estate bubble. And then, according our situation, I give a detailed analysis of the impact of the bank credit for the real estate demand, the real estate supple and the real estate price. Finally, I propose some measures according to the existed problems from the point of government and the bank, and hope be useful for the sustained and healthy development of China's real estate industry.