| China’s real estate industry began in the1990s, and since1992it has been as a truly independent industry to develop. In July of1998, the State Council issued "on further deepening the reform of urban housing system and speed up housing construction notice" in our country has opened a new chapter. The specific request in the notice said:stop physical distribution house distribution; gradually implement system of our country housing allocation monetization, dominated by market of real estate supply and demand. Over the past20years, along with our country the healthy growth of the national economy and the deepening of housing system reform, the real estate industry has gradually become an important part of the national economy.2011, China’s GDP reached to47.2882trillion Yuan, which the real estate industry was2.6708trillion Yuan, up to5.65%of GDP. What’s, more, real estate investment is also rising year by year.However, the real estate market is also accompanied by many problems. As one of the main vectors of the bubble economy, the real estate bubble is harmful. It will cause serious deviation from the real market value and price; it will cause resource allocation imbalance. They are not only threatening economic stability and orderly development of the property market, but also result in more severe turbulence and economic crisis. Japanese real estate bubble has been happend in the80s, and the direct consequence was Japan’s overall economic depression nearly a decade. In1997, the Southeast Asian financial crisis brings a deep crisis, once the Asian "tigers" of depression into the wind and rain. In2008, the real estate market in the United States developed severe turbulence, the property market, the stock market and bond market crisis, three markets asset bubble burst at the same time. When accumulation to a certain extent, the bubble would burst and then real estate prices would decline rapidly, causing financial and banking system collapse. Thus, the financial loan and the real estate industry have been closely linked.At present, China’s real estate market is still mainly rely on commercial bank financing, which makes bank credit and real estate markets are closely linked. As China’s real estate market continues to expand, real estate lending income has become China’s commercial banks is one of the important sources of profit. However, from the point of the development of recent years, China’s real estate asset prices continue to grow, and the real estate industry investment increasing, bubble economy has started to appear. As a result, bank credit risk gradually expanded. In this case, this paper aims to explore the real estate market of irrational exuberance and the relationship between bank credit and the real estate bubble. In this background, the purpose of this article is mainly to explore our country real estate market irrational exuberance and the relationship between the bank credit support and interaction mechanism.This paper is divided into five parts. In the first place, it introduces the theory of the real estate bubble and the interaction mechanisms from a theoretical point. The second part focuses on real estate loans of commercial banks and risk status. The third part mainly introduces our country commercial bank real estate credit and the current situation of the real estate market bubble. And then, the fourth part the empirical analysis using the combination of qualitative and quantitative research method, through to our country real estate market and bank credit market actual situation analysis. Finally, on the basis of theoretical and empirical analysis to our country real estate market and the commercial bank credit risk management and supervision and puts forward relevant policy suggestions and comments.This study certainly can’t be perfect. For example, due to the academic research of real estate industry in China started very late, the market of intuitive data statistics is not comprehensive and low reliability. Research of this paper is based on certain theoretical basis, empirical analysis and experience. After the analysis of the current real estate market and the common problems in the real estate credit bank, this paper puts forward several suggestions for the development of the real estate market, hoping to provide some help to the development of the our country bank real estate credit in the future. |
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