A Study On Local Governments' Regulatory Management On Realty Business In China

In the current market turmoil and our real estate boom, real estate prices disorder of an overly inflated deformity development social problem, local governments to regulating the real estate market appears is necessary. Further speak, in theory must have the public interest regulation theory, deregulating theory and incentive regulation theory three theory demands. Public interest theory assumes government regulation to public benefit maximization as the goal, regulatory aims to improve the resource allocation efficiency, improve the social public benefits. And the purpose of deregulating is to through competition, offers a variety of new services, reduce the level of charge that charge system, diversification, and promote technical innovation, etc. In order to reform of real estate market supervision, in order to improve the supervision enterprise efficiency, reduce by regulatory costs, incentive regulation theory in the real estate industry will play an important role; In the real sense regulation are mainly embodied in the necessity of the real estate market monopoly and externalities, asymmetric information and the particularity of the real estate industry.For real estate prices in whether direct intervention, the local government regulation for the standard of the real estate industry regulation category can be summarized as two types, direct regulation and indirect regulation. Direct government regulation is through direct methods to control the real estate market price, therefore, has strong administrative intervention; Indirect regulation is to influence the real estate price government through the land factors, tax factors and the three aspects government own factors indirect intervention, in order to achieve the purpose of regulating the real estate market. However, whether direct or indirect regulation all need regulation by four basic approaches:it is the control on prices on the price control, is a government to specific industry competition entities in the price of a certain period, and according to the economic principles prescribed regulations price adjustment period; 2 it is on the amount of control, i.e. on products and services the amount of control; Three is to enter and exit control, it is to ensure specific public economic domains of the important subjects of quantity appropriate measures to ensure that there is a steady supply of public services, in order to avoid repetitive construction and wasteful or monopoly situation; The fourth is to other variables, except to the control variables control to achieve the government regulation, government can also the purpose of using some other technology or unskilled measures to limit enterprise certain behaviors.Because our country is from the planned economy to the primary market economy again to modernize the market economic transformation of reason, in local government to the real estate industry regulation problems. From the current situation, these problems are mainly:one is the administrative regulation is not standard, due to government regulation of administrative monopoly produced the obstacles and local government administrative intervention excessiveness; 2 it is economic regulation is insufficient, social regulation lacks; Three is the real estate industry regulations system is not perfected; Four is the local government has obvious interests tendency; Five is the absence of displacement, government supervision.The local governments in China real estate industry regulation for the existing problems of local government showed that, in the process of implementing regulation management function, must take effective measures to improve full of local governments in China real estate industry regulation. From the current research look, these measures should include at least the following:one is to break up the monopoly in administration, reasonable definition local government regulation of scope, administrative monopoly industries include vertical monopoly and horizontal access barriers or local protectionism; Second, in the real estate market regulation in economic regulation is given priority to, social regulation is complementary; Three is to perfect the legal system of the real estate market, perfect legal system is real estate market's healthy development and regulating the operation of the security, not only for the regulation of economic subject has the universal binding and strict mandatory, and the adjustment of economic operation has a relatively stability and explicit stipulation; Four is further develop the local government in real estate market regulation in the enthusiasm of the central government, under the unified leadership of the rights, obligations, and the levites assist a clear division under the condition of real estate, the central formulate macro-control policies, also give local government certain policymaking power, to meet the needs of different levels control target; Five is the building of an efficient and independent regulator, the real estate industry in the real estate market at present policy, policy implementation and supervision of three parts function overlapping or blend in, on the one hand, the situation should make clear the functional supervision responsibilities in their respective functions, on the other hand, outstanding supervision within the scope of key management, guarantee the real estate market order running.