A Research On Financial System Reform Under The Macro Control Of Real Estate

Carry out empirical research on Wuxi’s real estate macro control background, further draws the conclusion that the local governments are over dependency on the real estate industry. Every time policy control real estate, every time the real estate market situation will have a direct impact on fiscal revenues have even left the task can be completed, the fundamental reason lies in the real estate industry in the tax structure in high proportion. Clearly, the real estate industry has become the income of a double-edged sword, as main source revenue growth at the same time, the industry fluctuation on the income shock is the most obvious. This requires local governments to start from the source, to reform the financial system. From the improvement in the fiscal and taxation system, reform of land management system, use of tax regulation and other aspects, can further promote economic transformation, so that all sectors have balanced development, promote the healthy and sustainable development of local finance is more and more reasonable.