Research On The Housing Public Accumulation Funds Circulation Risks In Dalian

The Housing Public Accumulation Funds (HPAF) is an important system which promotes the reform of urban and town's housing system. In 1991, it was established in Shanghai primarily, and now HPAF make great role in lots of aspects after about 20 years development, such as the supporting of the housing building, converting the distributing system, improving of the housing circumstance, promoting establishment of housing finance system and the development of real estate market. It is proved that the HPAF is a real effectual insurances system to promote our country's housing reform system.The research object of this paper is the Housing Public Accumulation Funds of Dalian city, and the main contents are of the circulation risk of it. In 1993, the Dalian city established the HPAF, now it keeps heard in the fund management, risk evasion and the social service in the same area of our country. After 18 years exploitation and development, a well matured Housing Public Accumulation Funds management system has also established. At the same time, the city also see the improving social benefit of the HPAF, so it has been well in the deep heart of its citizens.however, the HPAF and the policy-loan provided to individual increased with the development of the HPAF, so it is a vital work to control and avoid the running risk, insure the safe of the fund, and make it current normally, retain or increase its value while thousands of millions are hold at one time.The circulation of Dalian city's HPAF is analyzed in this paper from the point of its practice. The interlink substitute measures and theory combined practice method are used during this time; the circulation risk and its cause are classified and construed while countermeasures are brought forward then. So this paper achieve its research arm which to avoid or control the running risk of HPAF, so it has its value in the practice. Firstly, this paper make a summary retrospect on the HPAF which settled the main orientation of this paper, and classification on the running risk is done at the same time. Then, in the chapter of the assemble risk of the HPAF', this paper do some deep analyses in the way of one by one on the factors which effect the assemble of the HPAF. In the chapter of analysis of the HPAF'deposit risk, the paper analyses the" hanging of the interest"-the hot topic in the HPAF way of interest mechanism. The essence of the Finance debit is expatiated and the inner request of the value sustaining or increasing of the fund is also narrated. In the chapter of the analysis of the using risk of the HPAF, the paper make a anatomy on the HPAF's arbitrage and the risk of individual policy loan are also researched densely.at last, combined with the writer's work practice, the paper bring forward countermeasures according to different kinds of risks which are analyzed all above.