| Reform and opening up more than30years. China’s economy has maintained rapid pace of development, standard of living of the residents has been greatly improved, and at the same time living conditions have greatly improved. However, the growing contradiction between the rapid rise in house prices of recent years the level of growth of income of urban residents and medium-sized cities in low-income housing difficulties of the impact of current social harmony and development of one of the biggest.The process of industrialization of modern society is the process of urbanization, the urbanization process has resulted in increasing population to the cities is highly concentrated, resulting in a strong demand for housing, housing prices are too high the one hand due to the rigid demand is rising, and on the other hand because a large number of social funds into the property market, excessive speculation boom led to rising prices. Housing prices higher than the level of low-income families to pay the housing difficulties, which requires government regulation of real estate at the same time, establish and improve the housing security system to solve the housing problems of low-income families, to establish and housing long-term mechanism. In order to solve the problem of the majority of low-and middle-income family housing difficulties, China has initially established a multi-level affordable housing system, housing supply, there are three main ways:through the housing to solve the housing needs of the high-income families; affordable housing to low-income housing needs of families; by low-rent housing to address the housing needs of the lowest income families to solve the "sandwich class" public rental housing needs. Countries in the "12th Five-Year Plan clearly stated that" raise the level of housing security, insist on a combination of government regulation and market regulation, to speed up the perfect line with the national housing system mechanisms and policy system, and gradually form the overall balance, basically rational structure, house prices and consumer ability to adapt to the basic housing supply and demand pattern of the masses and housing ". China plans over the next five years, the new affordable housing of36million units, housing up to20%coverage.2011-2012year will build10million housing units,2013-2015will be built each year500-600million units,2011-2012the country will start the construction of various types of affordable housing and shantytowns, housing10million units, the scale of construction innovation most of history, its challenges are also unprecedented, and the government clearly stated to the public rental and low-rent housing, then the security room of the main sources of funding for the government’s financial capital, unprecedented financial pressure. Since the start of the protection of the housing construction program, the protection of housing has not only the commitment of a government of the people’s livelihood have become an important weight to maintain economic growth in inflationary pressures. The initial stage of the protection of housing construction, but also facing the land, financing, distribution, regulatory, and many of the problems to be solved, while the funds are facing difficulties in the security room. A short of time, the plight of the shortage of financial funds and financial investment in the future of sustainability issues facing the heavy task of protection of housing. The focus of this study is the financial investment the issue of sustainability. In this paper a more systematic study of this issue, starting from the basic theory of the economics of the role played by the necessity of government involvement in housing security and finance in the field of housing security, and then start from the status quo of China’s housing market analysis of the problems encountered in China’s financial investment, and learn from the experiences and practices of developed countries the financing of housing security, alternative sources of financing to improve the scale of China’s financial investment in housing support and broaden the protection of housing to alleviate the financial pressure has a positive enlightening. Finally, improve China’s housing security recommendations of the financial input mechanism, the main security room of the financial investment scale optimization of the recommendations and funding sources.The text of this paper is divided into five parts:The first part introduces the meaning of housing security, including the main body of the housing security, objects, methods and standards, the type of government involvement in the protection of housing and financial means of support. The next housing support economic theoretical basis, mainly to welfare economics and market failure theory, based on the importance of the role of government in the field of housing security inside as well as financial participation in the housing security.The second part of the first on the market situation of China’s housing security, once again facing financial investment by China’s housing security, security room size is too large and the shortage of financial funds and the sustainability of contradictions in the number of structural performance large scale with the central government invested the problem of insufficient investment in the protection of housing finance.The third section describes the causes and counter measures of China’s housing security is facing financial problems.The fourth section describes the advanced housing experience in security financing in developed countries, has an important reference for the establishment of financial support for housing security in China’s national conditions on the basis of the patterns and sources of financing channels.The fifth section describes China’s housing security countermeasures faced with the problem of financial investment. A moderate level of financial investment of China’s housing security and protection of housing other funding sources a number of recommendations on a certain model design. |
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