The hottest Political Bureau meeting set the tone,

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The meeting of the Political Bureau set the tone that the construction of the long-term mechanism of the real estate market is imminent

the meeting of the Political Bureau set the tone that the construction of the long-term mechanism of the real estate market is imminent

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[China coating information] the Political Bureau of the CPC Central Committee held a meeting on December 9 to analyze and study the economic work in 2017. The meeting proposed to speed up the research and establishment of a long-term mechanism for the steady and healthy development of real estate in line with national conditions and market rules. The "setting tone" of the Politburo meeting opened a window for observing the macro policy direction of next year in advance

for the real estate market, building a long-term mechanism is not a new word. However, in the context of obvious fluctuations in the property market this year, it is undoubtedly of different significance to emphasize the accelerated establishment of a long-term mechanism

since the end of last year, the property market in more than 20 hot cities in China has warmed up, and the tide of rising prices and robbing houses has been staged again. The scenes of "queuing overnight", "daily CD-ROM" and so on have reappeared. The average housing price index of 100 cities in China monitored by the China Index Research Institute has also increased month on month for 19 consecutive months. In order to cool the property market, since September 30 this year, more than 20 cities have intensively introduced more than 50 regulations. With the second tightening in Shanghai, Tianjin and other places as a signal, this round of regulation may continue for a long time

however, the familiar regulatory measures such as purchase restrictions and price limits are mostly short-term administrative measures. "It can be said that the regulation policy is a 'stimulant' and 'tranquilizer', which can only be adjusted from the demand side, and can not really 'cure'", Guyunchang, deputy director of the housing policy expert committee of the Ministry of housing and urban rural development, told China news service that it is time to adjust our thinking and establish a long-term mechanism for the development of the real estate industry from the perspective of supply side structural reform

Guyunchang believes that this is consistent with the thinking of the decision-making level on this year's economic work, and will continue to be the main line of China's real estate policy in 2017

"although the overheated speculation can be restrained through administrative policies, the focus of the system and mechanism of market subjects and government departments' orientation and dependence on real estate is still there, and investment speculation may return at any time." Nipengfei, head of the city and competitiveness research center of the Chinese Academy of Social Sciences, explained why it is urgent to "establish a long-term mechanism for the development of the real estate industry"

in an interview with China news service, Ni Pengfei pointed out that the urgent task now is to establish a set of market regulation mechanism and government regulation mechanism to equalize the profits of real estate, so that government departments and market related subjects can actively and rationally participate in and promote the development of real estate

what should be covered by the establishment of this long-term mechanism

Guyunchang believes that from the perspective of supply side structural reform, it is to establish a more reasonable supply system, including a series of reforms in land, taxation, finance and so on

the long-term mechanism proposed at this Politburo meeting emphasizes "conforming to national conditions" and "adapting to market rules". Taking the reform of the land system as an example, Gu Yunchang pointed out that it is necessary to explore a land system that conforms to the national conditions of China's land public ownership and break the boundaries of urban and rural construction land

in 2016, the regional differences in China's real estate market increased, and the differentiation of "sunrise in the East and rain in the west" became more and more significant. The quantity foam (excess inventory) and the price foam (high house prices) appeared at the same time. According to Gu Yunchang, one of the root causes of this differentiation lies in the mismatch between land supply and demand - large cities with housing in short supply have small land supply, or even no land to supply, while third and fourth tier cities with high inventories have a large land supply

to solve the mismatch of land, in addition to coordinating the policies of registered residence, population, industry and so on, it is also urgent to get through the urban and rural construction land boundaries that subject the specimen to axial pressure. Gu Yunchang stressed that it is appropriate to "adapt to the market law" when breaking the boundaries, so as to better guide the market to supply land

Ni Pengfei believes that the construction of long-term mechanism has significantly improved the reliability of products. First of all, we should reposition China's real estate industry from a strategic level. In addition to the engine of economic growth, we should also put the livelihood attribute of "improving living conditions" of real estate in the first place

secondly, it should be adjusted from the perspective of urbanization strategy. At present, China emphasizes the development of small and medium-sized cities and strictly controls the population size of large cities. Ni Pengfei believes that urbanization is a trend in the process of urbanization, and we should comply with this trend and appropriately increase the supply of housing and land in big cities

in addition, Ni Pengfei also emphasized the improvement of the regulation mechanism, including straightening out the relationship between the central and local governments, and improving the evaluation, supervision, reward and punishment mechanism

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