In 2005, the PBC began to cooperate with the World Bank in relevant research and study program aimed to learn from the mature experiences of other countries. This Seminar represents a further endeavor in this direction. I would like to give my personal views about the comprehensive research project: First, we must learn the essence of other countries’ experiences, not only the surface.
Attention should be paid to successful experiences and failure lessons. The housing financial system of China and development strategy should be designed through summarizing experiences and exploring the embedded rules. Second, Chinese social, financial and economic situation should be fully considered and market development principles should be observed when mapping out our housing financial system and the development strategy.