According to the National Statistics Bureau’s investigation in 2002, housing property, the main assets of households, accounts for 47.9 percent of households’ assets, while housing loans are the main liabilities of the Chinese households that have direct influence on other households’ expenditures. Third, real estate finance concerns with financial stability.
Development of the real estate industry is characterized by long production period, intensive capital requirements and time difference between capital supply and demand. Accordingly, financial support is needed to solve the difference. In the European and American countries, except housing construction, other housing related business falls in the category of financial service.