The Mechanism Study Of Establishing Commodity Housing Futures Market To Restrain The Real Estate Bubble

As our country’ s pillar industry, the real estate industry is close with the financial industry and the lives of the people. The steady development of the real estate is related with the stable development of the national economy and the financial security. Due to the global real estate bubble crisis, the disillusioned real estate bubble crisis has the huge destructiveness to the world economics development. Meanwhile the methods which are used by government are macroeconomic regulation and control. However, the macroeconomic regulation and control limitation cannot restrain the real estate bubble occurrence effectively.Based on the literature, this article is on the research of the formation reason and the forming process of the real estate bubble, the hazard to society after the disillusion of the real estate bubble. This article also analysis the limitation of the macroeconomic regulation and control. Based on the analysis above, the establishment of commodity housing futures market to restrain the real estate bubble is put forward.Because the futures market has the price discovery function, it can discovery commodity real price effectively. There is close relation between the commodity housing futures market and the stock market. This article thorough discuss the influence of the market participant arbitrage behavior to the commodity housing market under the background of the difference between the commodity housing boundary vacant cost and the basis of the commodity housing forward price and the spot price. This article also analysis the commodity housing futures market function on the restraining the real estate bubble from the microscopic stratification and the macroscopic stratification, proof the feasibility of restraining the real estate bubble under the commodity housing futures marketTo restrain the real estate bubble, enhancement finance system anti-risk ability, the consummation futures market .etc, the establishment commodity housing futures market has the significant significance. The key to establish the commodity housing futures market is the standardized contract design and the material object finalizes completes smoothly.Although the commodity housing individual has the very huge difference, according to the characteristic of the stock standardization contract, the unique characteristic of the commodity housing and the supply, demand situation of the market, this article design the unique commodity housing stock standardized contract and the material object finalized procedure.