房地产宏观调控与金融风险控制

Real Estate Macro-control and Financial Risk Control

分析近年来我国房价持续上涨的原因,对房地产金融风险机理和国际教训进行解析,认为推动我国房价持续上涨的复杂因素和房地产行业的特殊性会多重叠加该行业发展对金融系统的依赖,甚至使风险从多个维度向金融系统加速传递或转移,指出我国应吸取国际教训,及时识别和控制可能由此引起的金融系统性风险,加强房地产宏观调控,并提出一系列政策建议。

This paper analyses the reasons why the price of Chinese real estate has been rising continuously in recent years. It explains financial risk mechanism and international lessons, and discovers that the complicated factors that make the price of Chinese real estate ascend continuously and the particularity of this industry will overlap its dependence on financial system and accelerate the risk transfer to the latter from many dimensionalities. In conclusion, it is pointed out that China should learn from international lessons, identify and regulate financial system risk in time and strengthen the macro-control of real estate market, and a series of policy suggestions are presented.