房地产金融风险传导机制研究

Real estate industry finance risk inducing mechanism research

房地产市场上房价的短期波动会对自住型需求者以及房地产开发商、投资性需求者、商业银行、地方政府等主体产生相反的影响,而房价虚高背后隐藏的金融风险是难以预估的。本文分析了房地产金融风险的四大传导机制,即土地市场推动机制、垄断定价权推动机制、资本市场推动机制和调控政策推动机制,并由此得出了需加快建设金融风险预警和控制体系等结论。

The short-term fluctuations of the house price on the real estate market will generate the opposite effect on the subjects such as the independent-living demanders,the real estate developers,the investing demanders,commercial banks and government,however,the hidden risk is hard to estimate.This thesis analyzes four major conduction mechanism of the real estate’s financial risk,namely the conduction mechanism of the land market,the monopoly pricing right,the capital market and the adjusting policies,which concluded that the construction of the financial risk’s warning and control system should be enhanced.