The Research Of Government Supervision On China's Housing Accumulation Fund Loan Risk

In our country, the system of housing accumulation fund development began in the late 1990s. After nearly 20 years of development,it has become a government policy finance and the power of housing guarantee system construction.. With China's real estate market scale of development, people need real estate goods more and more,so that the real estate loans is brcoming larger.The loan of individual housing accumulation fund as national policy housing finance of the bearing is increasingly accept by all circles of the society. Because the influence of the real estate market environment, the personal accumulation fund loan risks are rising. In order to prevent these risks, the market needs the government for loan of housing accumulation fund increasingly.In recent years, the case, such as the cheat and misappropriation,is increasingly. From the perspective of crime number and scale of the current public reported,the cases of housing accumulation fund loan risk from 3 times in 2003,8 times in 2004 to 17 times in 2007.And finaly it has been up to 18 in 2008. The sum of involving from 1.16 billion yuan in 2003 to 7.9 billion yuan in 2004 and has been up to 10.8 billion yuan in 2006.The cases typically occurred in housing accumulation fund loan. In May 2009,guangzhou province, dongguan housing accumulation fund fraud by relevant intermediary company. Those companies use the different information between guangzhou and dongguan as well as the purchasing information between housing accumulation fund management center and bank loan information communication is not interlinked.To help some clients make the accumulation fund to cash and make the accumulation fund cash withdrawal through the fake contract. Those fake contract is up to 98%. Cases of growth also tells us that we should strengthen the management towards housing accumulation fund loan risk. Meanwhile, combining the current economic situation, with the U.S. subprime mortgage crisis as the background of the new economic mode, the real estate market in China has been impact, the central government and the local government's housing accumulation fund loan policy had to be adjust constantly. As the year between 2007 and 2008,China real estate market slump, house price declined excessively, both the central and local government have to make the strategies to overcome the problem,such as loose housing accumulation fund loan interest rate cut and reduce loans. But in 2009,the hard-hit in China showed strong toughness housing prices rise,which is faster than our expecte for housing re-warmer. But considering the lag, the policy and policy prices of stimulating effect is not obvious relationship in the development of housing, that means high coefficient of risk. This brought by the risk of uncertainty and policy effect is likely to be issued in the housing accumulation fund loan risks and recycling.This paper according to the situation of accumulation fund loan, use empirical and case analysis on our way of parallel housing accumulation fund loan risk analysis, and using the public interests and public choice theory of government regulation behavior research, finally proposes the effective supervision measures.