Structural Leveraging Perspective Real Estate Financial Risk Measurement And Disposal Analysis

2017,the central economic work conference pointed out that in the next three years,we should focus on three major battles to prevent and resolve major risks,eliminate poverty and prevent pollution.And put forward to promote the formation of a virtuous circle of Finance and real estate.According to the fact that the asset price bubbles leveraged by the high leverage and financial leverage of our existing real estate departments and financial departments have become the important source of real estate financial risks.This paper explores how to achieve effective prevention and control of real estate financial risks through effective "structural deleveraging" measures.and the Risk Spillover Effects and linkage effects of real estate finance on various sectors are analyzed.From the perspective of structural deleveraging,this paper analyzes how to resolve the real estate financial risks through non-financial sector,financial sector,residential sector and government departments.Although the short-term orientation of the policy of leveraging has changed,the "drop lever" has become a "stable lever",but the potential risk of China's overall leverage rate still high is still there.In the future,the direction of macroeconomic policy which needs to reduce the overall leverage ratio will not change after the short-term stabilization of leverage.The significance of this study is here,providing empirical evidence and suggestions for China's macro-control policies to reduce leverage and prevent financial risks.