haku: @indexterm HOUSING FINANCE / yhteensä: 104
viite: 33 / 104
Tekijä: | Zhang, Weining Gao, Zhongjun |
Otsikko: | Reducing interest: a turning point in financial development and innovation of real estate (original in Chinese) |
Lehti: | Journal of Zhongnan University of Finance and Economics (c)
1998 : 3, p.29-32 |
Asiasana: | HOUSING FINANCE FINANCIAL INNOVATION INTEREST RATES CHINA |
Kieli: | chn |
Tiivistelmä: | The downward adjustment of interest rate will stimulate rise in rate of investment, possibly reduce house price and and help enhance residents' ability of purchasing houses. At present, the proportion of the price for an ordinary flat to the annual income of a family is generally more than 10:1. High house price has slowed down China's housing commercialization. To develop the financial industry of real estate, we should innovate financial tools and enlarge financing channels by taking advantage of interest reduction. Besides, we should establish the national policy financial institutions and perfect the function of financing subject, improve financing structure and develop housing consumption credit, especially personal mortgage loan for housing. |
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