Although housing price is a sort of asset price, due to the fast flow of money between commodity market and capital market in modern era, central banks should keep an eye on housing price and capital movement. In recent years, real estate financial control measures have become an important part of macro adjustment policies.
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”.