In short, central bank is responsible for promoting the healthy development of the real estate financing and must conduct a deep analysis of the relevant institution building. II. Research on housing financial system must be accelerated. Housing reform in China was conducted gradually following the famous dictum by Mr. Deng Xiaoping, i.e. “crossing river by touching the stones”.
A market-based housing system in line with Chinese situation has been basically established after 20-year explorations, and at the same time the housing financial system dominated by banking loans was formulated. In recent years, however, the system has shown some unsuitable signs and required further reform to accelerate its development.