Summary: Because the land finance tight, nearly four months, there have been second and third tier cities to test market regulation
Subsequently, the other 45 cities under pressure, have been put forward with varying degrees of restriction policies, and now the place has been running for nearly a year.
tight land finance, nearly four months, there have been second and third tier cities to test market regulation However, firmly in the economy must be transformed into the present, the central attitude, adhere to the property control policies unswervingly pressed the place a
local touch regulation red line the relaxation length.
on October 11 last year, Foshan City, announced that from October 12 to relax the restriction conditions. This is the first city explicitly relax the restriction policy. 23:24 But the same day, the city re-issued notice, a comprehensive assessment of policy implications, It is understood that the the Foshan deregulation policy of suspension of the, is suspended by the building housing the Ministry of the higher authorities to intervene, it is a last resort.
February 9 this year, Wuhu City, released the New Deal, to provide subsidies for the purchase of ordinary commercial housing. However, known as the It is said that the building housing the Ministry about the incident, to send investigation team straight to Wuhu.
local government Vice president of China Real Estate and Housing Research 顾云昌 that Wuhu
China Real Estate Association, vice president of Chan Kwok-keung said the microblogging regulation pressure is rising, the real estate tax revenue growth is a marked decline in Market regulation, we must see to curb speculative investment, curb side of housing prices, but also to see the obvious impact to the local income. The current regulation has entered the deep water area, the regulation of longer duration, the pressure felt by the local government will become increasingly evident.
developers intermediary called for policies to relax

more anxious than the local government, the real estate business. Volume of the sharp decline in the property market stocks soared, facing the developers funding chain fracture.
two sessions in Beijing, Vanke vice president of the Municipal CPPCC members Mao Daqing, recommended the firm to implement control policies, the Beijing-control policies should be refined to adjust. The five rings the outer limits of the procurement policies for the appropriate fine-tuning, the foreign population to tax social security life down to one to two years. Lower credit threshold for first-time home buyers family.
Real Estate Agents industry experts in the past six months time, almost weekly, An intermediary industry executives heard two sessions in Beijing, the deputy mayor position control policy unswervingly not relax regret with a sigh, .
in early January, there were reports that the purchase order will be However, the Beijing Municipal Construction Committee then rumor denied, said it would continue to do in-depth real estate regulation to promote the prices reasonable regression.
central position repeatedly policies unwaveringly
restriction policy, the almost every twelve months, some local governments and developers, the intermediary industry, the central purchase of the policy to relax new expectations, and continue, experts predict that control policies will be relaxed.
But every dream of
February 6 to 10 this year, Premier Wen Jiabao at Zhongnanhai chaired five forums to listen to opinions and suggestions of the community on the On the real estate control target, Wen said, the real estate regulation has two goals: First, propelling prices to a reasonable return to unswervingly promote the real estate market, long-term, stable and healthy development. This is the sixth within two years, Premier Wen Jiabao mentioned the promotion of the price reasonable reunification.
this year January 31 the State Council held its sixth plenary meeting, Premier Wen Jiabao pointed out that to consolidate the results of the regulation of the real estate market. Continue to strictly enforce and gradually improve the curb speculative investment demand policy measures to promote affordable rates regression.
Previously, Premier Wen Jiabao have repeatedly mentioned to promote affordable rates regression. December 26, 2010, Premier Wen Jiabao stressed in response to users’ questions about a sensitive topic in the real estate regulation: during his term of office must make the prices can be maintained at a reasonable level. St. Petersburg, Russia once again emphasized: A variety of measures to promote reasonable prices return to. Before the end of June this year, 40 individual housing information network will be able to more effectively combat the speculative investment demand.
extension of reading Hopefluent: 14 cities in 14 cities in the flexibility of the real estate control policy small Chinese super market regulation policy fine-tuning (Figure) Chinese super market regulation policy fine-tuning the purchase of one year the effectiveness of previews the most stringent regulation and control policy implementation into the deep water to spare no efforts in livelihood projects unswerving implementation of control policies

Abstract: Wang Jue Lin, deputy director of the Ministry of Housing and Urban Policy Research Center, said on Monday that local governments should not attempt to adjust the central government’s real estate regulatory policy, and must comply with the policy of the central position. Public statistics show that the strict policy of tone in Beijing, Shanghai, Hangzhou, Chongqing, Chengdu, Wuhan, Hefei, Nanjing, Changzhou, Jilin, Zhongshan, Changchun, Wuhu, etc. more than 14 cities on the local property market policies appropriate fine-tuning. Wang Jue Lin, deputy director of the
Ministry of Housing and Urban Policy Research Center, said on Monday that local governments should not attempt to adjust the central government’s real estate regulatory policy, and must comply with the policy of the central position.
information that is publicly available statistics show that more than 14 cities, under the strict policy of the tone, Beijing, Shanghai, Hangzhou, Chongqing, Chengdu, Wuhan, Hefei, Nanjing, Changzhou, Jilin, Zhongshan, Changchun, Wuhu and other appropriate fine-tuning of the local property market policies.
February 9 May, Wuhu city government announced the purchase on the further strengthening of the housing security to improve the residents’ housing conditions, number of opinions The room settled policy being viewed for the New Year
In fact, housing subsidies and other forms of fine-tuning the property market to stimulate the market is not only the Wuhu, since October last year, there are some local governments are beginning to come through the land transfer, listing the lifting of the ban, tax concessions and other means of fine-tuning.
Shanghai, Tianjin, Wuhan, Xiamen and other cities have raised the standard of general housing prices, the expansion of the extension of the ordinary commercial housing, to encourage more trading.
In addition, there are a number of cities bank first set of mortgage interest rates from before the The major stimulus to the first set of home buyers demand, Wuhu its purchase limits and so is not too substantive provisions, and the relaxation amplitude is too large, the form had also been very high profile. Analysis of
insiders, Wuhu

extension to read the 2012 Central real estate control policy will not relax by the national regulatory policies affect Aceh provident fund loans decreased Wuhu market regulation policy loosening Xinhua News Agency: 2012 market regulation The policy will not relax macro-control policies and stable power prices return to the rational regression

credit to continue the trend of shrinkage growth may or may Forced central bank reserve down in February

credit data remains in the doldrums or Forced central bank reserve requirement again lowered. Yesterday there were reports that the China Industrial and Commercial Bank of China (601398) and three other state-owned banks in early February 2012 just over 300 billion new yuan loans, far lower than the industry expected. It should be noted that inter-bank market interest rates up again yesterday, the Shanghai inter-bank market of SHIBOR (14 days) interest rates rose 89 basis points to 5 percent, setting a new high recently, showing the capital market is tense again.
state-owned bank lending since February is still currently the improvement. Reporters learned yesterday in Guangdong some large state-owned banks, the recent credit amount is still in a state of tension. Personal real estate mortgage loan approval still need more than two months.
Reasons

credit fell by a deposit outflow impact

Yesterday the media reported new yuan loans, Industrial and Commercial Bank of China and three other large banks in early February, gold is only 300 billion, significantly lower than the industry expected. In early January, the four state-owned bank loans amounted to more than 500 billion.
The reporter learned that, at present, including ICBC, Construction Bank (601939), including state-owned banks personal real estate mortgage loan amount and there is no obvious sign of loosening.
customers to apply for a mortgage now less, but the amount is limited, usually more than two months.
reporter learned that the major banks are still waiting for credit instruction issued by the head office. Business unit of a bank official told reporters: division SHEN Wei told this reporter that, in January this year, the credit downturn mainly by the combined effect of Chinese New Year seasonal factors and corporate deposits out of 2.37 trillion yuan.
trends to predict the end of February

credit or rise

previously, due to the 738 billion new loans in January 2012 much lower than market expectations trillion standards Given that a quarter is the focus of the annual credit, the industry originally expected February credit quickly rebounded.
central bank announced yesterday the fourth quarter of 2011, the China Monetary Policy Report emphasized the need to continue to implement prudent monetary policy, 2012, broad money supply (M2) initially expected to grow by about 14%. Market analysts believe that the broad money M2 growth rate may have bottomed out in January of this year, it is expected in late February new loans will go up.
Shen-dimensional representation of the loans in February whether the rebound in the deposit amount to look at whether the rapid promotion, growth will be one of the most important factor of this year, restricting new bank loans. The Shenyin securities is expected in February deposits will be a net increase of 1.53 trillion yuan.
M2 up 14%, 8 trillion yuan in new lending, the target value, the past four quarters When about 2.4 trillion yuan. According to the research report of the CICC, the four state-owned banks in February will reach 3,000 billion yuan.
market analysis is expected, if the credit markets continue to shrink may Forced central bank to open the deposit reserve lowered window.
(Author: Wang Liang)

relevant reports:

bond : 50
in January results of benchmark housing enterprises Heavy release of the enterprise funds into consensus 2012-02-16 2000 05:56:33
billion property trusts facing financial strain of payment difficulties or ultra-2008 2012-02-1223 : 26:42
Guangzhou volume of over 150,000 sets of developers funding pressure on a large refuse Provident Fund 2012-02-12 16:23:52

Abstract: In the 12th, the media reported a Guangdong Zhongshan relax the limit order. Zhongshan City, Housing and Urban-Rural Construction Bureau, Land and Resources Bureau said that in 2012, Zhongshan City will strictly enforce the policies to strengthen the regulation of real estate without wavering, while speeding up the construction of affordable housing.
said to increase the maximum new housing prices in the pilot for the sector measures will strictly enforce policies to strengthen the regulation of real estate to unswervingly

According to the AP on the 12th, the media reports, Zhongshan, Guangdong to relax the limit order. Zhongshan City on the 16th to respond:
limit the standard be raised to 6590 yuan

since the Spring Festival this year, Zhongshan City, to 6590 yuan. This led to the outside world for the local governments can strictly enforce central government real estate control policy questions.
Zhongshan City, Housing and Urban-Rural Construction Bureau, a joint announcement of the Land and Resources Bureau said, after the introduction of regulation of new housing price cap measures only sector pilot measures. Zhongshan Municipal Housing and Urban-Rural Construction Bureau of Land and Resources Bureau is stepping up the implementation of pilot measures to effect and from all walks of life reflects the summary report and further investigation and analysis, provide the basis for the municipal government is prudent to determine the Zhongshan City real estate market regulation policy.
criterion-referenced to develop

announced that the GDP growth, the current measures are not before the introduction of specific control policies in 2012, Zhongshan municipal government, does not affect the Zhongshan order of the real estate transaction, while think that the control target of 2012 new housing price increases should remain as last year does not exceed the GDP growth have been made.
specifically refer to 2011 the annual average price of new homes in 5935.6 yuan per square meter and the government work report in 2012 the city’s expected GDP increase of 11% and other data, Zhongshan City, Housing and Urban-Rural Construction Bureau, Land and Resources Bureau began to try out a new control measures, which would require all new housing transactions in the city a single set of contract sales price of more than 6590 yuan per square meter, the City Land Resources Bureau to suspend accepting online contract procedures and registration formalities.
Zhongshan City, Housing and Urban-Rural Construction Bureau, Land and Resources Bureau said that in 2012, Zhongshan City will strictly enforce the policies to strengthen the regulation of real estate without wavering, while speeding up the construction of affordable housing.
– Links

October 11 last year, Foshan, Guangdong became the first city of the purchase order clearly to relax, but the night city live URA emergency issued a document, decided to postpone the implementation of the New Deal . In early February this year the Wuhu announced the New Deal on the regulation of real estate, four days after the the Wuhu initiative to suspend the implementation of the New Deal. Wang Jue Lin, deputy director of the Ministry of Housing and Urban Policy Research Center on the 13th, said local governments should not attempt to adjust the central government’s real estate regulatory policy, and must comply with the policy of the central position.
extension read Colliers International: Zhongshan landmark project – and the international financial center to start the global leasing Zhongshan restriction issued 6590 yuan per square meter does not exceed the new standards, Zhongshan City, the vacant area of ​​significant increase in the property market is now

Abstract: under the feet of the central policies on market regulation is still frozen, the undercurrent of a disguised form around the deregulation of the property market are beginning to have a rough trend. Public information, under strictly the tone of the property market policies, Beijing, Shanghai, Hangzhou, Chongqing, Chengdu, Wuhan, Hefei, Nanjing, Changzhou, Jilin, Changchun, Wuhu, Guangzhou and so on more than 14 cities on their local property market policies appropriate fine-tuning. under central control policies on the property market is still frozen feet, the undercurrent of a disguised form around the deregulation of the property market are beginning to have a rough trend.
public information, under strictly the tone of the property market policies, Beijing, Shanghai, Hangzhou, Chongqing, Chengdu, Wuhan, Hefei, Nanjing, Changzhou, Jilin, Changchun, Wuhu, Guangzhou and so on more than 14 The urban policy of the local property market in the appropriate fine-tuning. Wuhu, Foshan, Chengdu and other places because of the fine-tuning range is too big, policies issued soon,
9, Wuhu, published by the Government being viewed for the New Year the first specific area and specific populations of housing subsidies, buyers settled policy. However, only separated by four days, this large to stimulate the purchase of the policy has been stopped. Weeks of completion of the text,

Beijing Institute of Technology Real Estate Research Center, said in an interview with Sankei Shimbun reporter, central control, local relaxation of their respective own position to make a rational choice. Central injunctions, the place in disguise relaxation rebound to pre-control policies and negative, they were standing in different positions, and ultimately also depends on the market will bear and response.
in the State Council held its sixth plenary meeting, on February 1, Premier Wen Jiabao reaffirmed their commitment to consolidate the real estate market regulation, continue to strictly enforce and gradually improve the policies and measures to curb speculative investment demand. promote the prices reasonable reunification. Although the attitude of the central curb price is firm, but the critical period in the real estate regulation, macroeconomic policy and local interests of the game is further deepened.
Central does not stop weeks of completion of the text is expected to have more places to join this wave of fine-tuning wave. For local governments, this is the problem of feeding, not sounding all over the government money is very tight. to
This is also the fiscal response of local government land. New Year, the country’s property market and land market continued bleak, local governments, land transfer also will plummet. In a nationwide tightening of monetary policy, the local government finance is increasingly dry.
According to Chengdu, the chain of home real estate market research statistics, the land of the country (129 cities, the same below) in January 2012 volume of only 921, down to the lowest level since April 2010 purchase of the implementation of points lower than the 50%, down 52%; land supply for 1462, a decline of 40 percent, down 27 percent.
the property market downturn, the developers get the enthusiasm of lower land transfer as an important source of income of local finance has shrunk dramatically. The tracking data show that of the middle finger Institute, January 2012, Beijing, Shanghai, Canton and three tier cities land transfer payments year on year decline alarming, the land transfer has shrunk almost 70% year on year in January, Beijing, compared with 1/3 of the same period last year Guangzhou is reduced by 2.8 billion yuan to 290 million yuan, has shrunk by up to 90%.
land financial dependence, the higher the greater the likelihood of policy fine-tuning. In the introduction of fine-tuning policy, Hefei, Nanjing and Changzhou are relaxed provident fund loans, Wuhan, Shanghai, is the implementation of the general residential tax breaks. It is worth mentioning is that, not only adjusted the price of ordinary housing standards, it is in disguise on the land policy, the deregulation, for example, the first block to cancel built with the requirements listed on the land no longer announcement closing date.
but weeks of completion of the text is expected, these fine-tune the policy should be insignificant impact on the market, most people will choose to wait and see. so should we. For example, the Beijing area rings and the City of Victoria does not relax, but in order to stimulate the economic development of different regions, may give the individual regions conditionally appropriate to relax. of
Changjiang Securities (microblogging) (8.03,0.12,1.52%), real estate analyst Su Xuejing also pointed out that the fine-tuning of industrial policy may have to wait until after further decline in the actual data, it is expected that the first half of the new construction growth rate of low In March, the growth rate of investment in low is expected in June, then the industry fine-tune the situation in the second half.
extended reading Wuhu property market New Deal emergency halt the property market in Shanghai delayed opening, behind: enterprise, local and central tripartite wrestling phenomenon highlights the opening price stumped developer of the property market policies can be fine-tuning but to abide by the bottom line of the property market policies can be fine-tuning But to keep the bottom line of the property market the purchase order a year old Beijing housing price drop of two million yuan

Summary: This year the net inflow of foreign exchange will be significantly lower than in the past, the need to continue to reduce deposit prospective rate to increase the money multiplier experts in the foreign exchange trend of decrease in the background, the need to continue to reduce the deposit reserve ratio to relax 75% The loan to deposit ratio limit, to provide the money multiplier, then credit growth, monetary expansion.
central bank released last year’s fourth quarter monetary policy report
M2 initial
2012 is expected to grow by about 14%

this year, a net inflow of foreign exchange will be significantly lower than in the past, need to continue to reduce deposit quasi- rate in order to improve the money multiplier

reporter Lau Chun winter in Beijing

15 release of target surface. The central bank said in 2012, broad money supply (M2) initially expected to grow by about 14%. This figure and the market had expected, but taking into account the significant reductions in foreign exchange inflows, the difficulty of achieving this goal.
experts believe that, in the context of foreign exchange trend of reduced need to continue to reduce the deposit reserve ratio, to relax the 75% loan-to-deposit ratio limit, to provide the money multiplier, then credit growth monetary expansion. However, this will be the central bank’s credit policy pressure.
central bank in January-February each year published on throughout the year monetary policy report, this report not only reviews the implementation of the policy of the previous quarter and outlook of the year throughout the year the economic situation, and announced the monetary policy and the intermediate objectives.
2011 about the price factor, monetary policy this year probably will be a greater impact of capital flows change. The central bank said in a report, since the fourth quarter of 2011, the debt crisis in Europe and America, the market is expected to change and adjustment to the surplus reduction, promoting balance-oriented foreign exchange management policy under the influence of cross-border capital net inflow slowed down, the individual Month banks on foreign exchange settlement deficit, the imbalance of international payments pressures have eased.
is expected to run trend of the current foreign exchange receipts and payments may continue for some time, the 2012 overall foreign exchange funds to maintain a net inflow of total inflows will be significantly lower than the average for the past few years. capital flows. The central bank also said that Europe and the United States debt and international financial market conditions of China’s international balance of payments still need to be closely observed.
statistics show that the end of 2011, broad money supply (M2) amounted to 85.2 trillion yuan, an increase of 13.6%. Calculated to about 14% of the central bank expected growth, the 2012 M2 growth of 11.9 trillion yuan. Last year, the same level of foreign exchange inflows, new RMB loans accounting for new M2 ratio of 73.3% estimate, the size of new loans this year to 8.69 trillion yuan. 2011, the scale of financial institutions, foreign exchange amounted to 2.78 trillion yuan, the new foreign exchange market this year is expected to about 2 trillion yuan, the most pessimistic expectations even as low as 1.5 trillion yuan, which means that loans incremental to more than 9 trillion yuan to the M2 growth of 14%. However, the hope of bank loans is substantial growth is not realistic.
CICC research report said the M2 growth of 14%, which means an increase of 11.9 trillion yuan difficult to achieve this goal. If this year’s foreign exchange increment is lower than that of gold in the previous forecast of 1.5 trillion yuan, loans and commercial banks to create deposits, assets (such as bonds issued by commercial banks to buy non-financial institutions) need to increase more than 10.4 trillion yuan, This will be the central bank’s credit policy to a great pressure.
M2 basic objectives have not been implemented. overall is a modest rebound in the loans will be limited to new-old, the deposit reserve ratio will certainly drop. Currency formation model is outside the stream came money, new money printed out. The inflow of outside less so by lowering the deposit reserve ratio to compensate for the normal demand for money. The expected memory quasi-reduced 2-3 times, if the external situation further deterioration may be more.
CICC, in the long run, the trade surplus fell and private sector foreign exchange asset allocation rebalancing, China’s foreign exchange may show long-term decline, the central bank needs to downward trend The statutory reserve ratio to hedge foreign exchange decreased the negative impact of money supply, loan to deposit ratio of commercial bank management is also facing adjustment necessary. Deposit reserve ratio by showing the trend of increase in China since 2003, mainly in order to reduce the money multiplier, base money expansion caused by the rapid growth of the hedge foreign exchange. Meanwhile, the 75% loan-to-deposit ratio to write the 2003 Law on Commercial Banks to the impact of foreign exchange caused by the expansion of broad money, restrictions on lending in money creation.
for this year’s macroeconomic situation, the central bank’s judgment, volatile, changing the direction of capital flows, unstable, more uncertain factors and possible through the channels of trade, capital flows and the expected impact of China. the
China’s economic growth, unbalanced, uncoordinated and unsustainable contradictions and problems are still outstanding, the economic and financial fields, there are some potential risks can not be ignored. gradually changing the mode of economic growth and elements of structure, the potential level of growth of the Chinese economy is gradually slowing down. The central bank will continue to implement prudent monetary policy, to ensure policy continuity and stability, while closely monitoring the development of domestic and international economic and financial situation changes, to enhance the control of targeted, flexible and forward-looking, timely and appropriate pre-tune fine-tuning, to maintain the basic stability of the general price level, in order to promote stable and rapid economic development.

2.25 Sina music ranking large showings of the trillion need to cut the deposit reserve ratio foreign exchange even lowering the deposit reserve ratio, or the continued easing in March if the central bank lowered the reserve ratio small and medium-sized real estate companies, or greet the dawn of Wu Xiaoling: next year will be more use of the deposit reserve ratio means

Abstract: Following the the Wuhu Deal real estate was stopped, as this year, the country’s first city to relax the limit order, Zhongshan City, Guangdong HOLD to continue. Halted the fourth day of New Deal real estate in Wuhu, February 16, Zhongshan City, Housing and Urban Bureau, Land Bureau, the night issued a document, interpret the standard raised the limit order. Following the the Wuhu Deal real estate was stopped, the this year, the country’s first city to relax the limit order, Zhongshan City, Guangdong HOLD could.
February 16, Zhongshan, Guangdong of Housing and Urban Bureau, Land Bureau, night issued a document known as: limit raise, not the property market deregulation, but in order to develop follow-up to the official market regulation policy basis.
Following the the Wuhu real estate after the New Deal, the Ministry of Housing and Urban worry about market regulation from the bear in the general direction of change, the place strict implementation of the real estate control policy, required local governments fine-tune the behavior of the property market report prepared by the Ministry of Housing and Urban or province Office building, the trial after approval, the building housing the Ministry informed sources in an interview with reporters.
Ministry of housing construction policy center of the Renqin Hong introduction, the .
Shanghai Yi Ju Yang Hongxu of the Real Estate Institute, said central and local governments has been launched on the market regulation game, look at the general direction of nationwide regulation of loose not exist, but local governments Ming tight dark the case of loose or will continue to appear.
Zhongshan
Prior to January 22, Zhongshan City, quietly raised the limit standard from last year’s 58 / m to 6590 yuan / square meters, an increase of 11%.
Real Estate Deal in Wuhu halted the fourth day of February 16, Zhongshan City, Housing and Urban Bureau, Land Bureau, the night issued a document to interpret the standard raised the limit order.
interpretation, the city’s average price of 5935.6 yuan / square meter average price increase of 11% corresponding to 6590 yuan / square meter. measures, the building housing the Board and the Land Bureau is stepping up efforts to gather and report the effect of the pilot measures and advice, and for further investigation and analysis, determine the the Zhongshan year, real estate control policy to provide a basis for the municipal government.
Zhongshan relaxation limit order introduced, Zhang Dawei, director of the Central Plains real estate market, Research Institute, Zhongshan from the implementation of the policy, the increase in the limit standard to
November 10 last year, the Zhongshan municipal government promulgated the December 31 only.
In other words, Zhongshan
, however, said Zhang Dawei, limit standards rise and there is some departure from the central government from the general direction of tight regulation, when the central yet clear fine-tune the direction of right and wrong standards, local governments fine-tune the property market measures are not are Zhongshan City Construction Committee

official said in an interview, only a thin four days, for the position of Zhongshan, industry sources speculate, or the Department of Housing and Urban Ministry halted the interview due.
while the the Zhongshan live URA stakeholders in an interview denied it.
close to that verified who is also an interview with the Ministry of Housing, the Ministry of Housing and Urban did not halt Zhongshan limit order, or interviews with the relevant responsible person.
However, informed sources revealed that the Zhongshan changed in order to avoid the accountability of the Ministry of Housing, the increase in the limit standard did not comply with the Ministry of Housing and window guidance report to the Provincial Department of Construction and Ministry of housing construction, mentioned in response to pilot the effectiveness of measures and opinions from all sides gather and report only after the supplement.
outside the tight loose
Following the Wuhu New Deal real estate is halt, the Zhongshan, the changed or allude to the central and local government market regulation game.
Qin Hong introduction, in 2012, the implementation of local government regulation of real estate pressure, mainly reflected in the local financial crisis, on the one hand, large-scale investment in the protection of housing construction and facing repayment peak; On the one hand, market regulation, land transfer payments and real estate-related taxes have been declining. In this context, the local government to relax the power of market regulation.
live in the center of the construction department, deputy director Wang Jue Lin Jieshao, following ten countries since the property market regulation has been going on for nearly two years, effective regulation, but the prices reasonable return to the distance across the country there are still gaps, market regulation at least within a year will not be shaken.
However, the beginning of the Year of the Dragon, Wuhu, Zhongshan and other cities frequent the property market, fine-tuning measures, but arouse the attention of the real estate regulatory authorities. Close to the Ministry of Housing and Urban have also briefed reporters following the the Wuhu later, the local government fine-tune the behavior of the property market has been included in the regulatory framework of the Ministry of Housing, caused in order to prevent the demonstration effect, undermine the overall situation of market regulation.
reporter investigation, in fact, since 2012, 15 cities including Beijing, Shanghai, Chengdu, Wuhu, Zhongshan, Guangdong and other fine-tuning the previous market regulation.
said Zhang Dawei, Wuhu New Deal is not limited to the first suite, to encourage investment in speculative buyers suspect Zhongshan raised the limit standard, and eight policy contrary.
combined with the case of Foshan, Chengdu, Haikou, was stopped last year Dawei said that halt common.
Wang Jue Lin, said the central government to support the position of the true demand for the purchase is not wrong, but local governments and investors can not be over-understanding, causing a lot of unfounded policy easing expected.
To this end, The people close to the Ministry of Housing and Urban introduction, the Ministry of Housing and Urban explicitly require the local government shall not be arbitrarily fine-tune the property market, and in strict accordance with the Ministry of Housing and window guidance, reported to the Provincial Department of Construction and the building housing the Ministry, upon ratification, can be the pilot.
extension of reading the Zhongshan limit order to relax the only pilot developers did not emboldened the public and then wait and see Zhongshan respond Zhongshan response to the new limit order

price of gold continued to rise last week, this week, keep up our efforts upside. Yesterday, A shares rose, rose gold stocks occasion, all rose to 8.9%, 12 gold stocks in the seven daily limit, including Zijin Mining, Chenzhou Mining, constant state shares and so on. Gold prices with the recent market rebound is not unrelated commodities, the domestic gold price has also risen, gold jewelry prices as low as during the New Year’s Day more than 370 yuan / gram, only half of Nanjing reached 409 yuan gold jewelry and / grams.
□ Express correspondent Bo Wang Haiyan

market rebounded strongly yesterday, strong performance of gold stocks, 12 stocks in the seven daily limit, the plates were rose 8.9%. In addition to market factors, gold stocks recently rising trend through the gold brilliance. Yesterday, the international price of gold continued strong since last week, yesterday afternoon, the international price of gold reported $ 1,666 / ounce. Shanghai Gold Exchange, the spot price of gold has continued to rise, AU9999 to close at 339.2 yuan / gram, from 340 yuan / gram mark one step. Affected, Nanjing, gold jewelry prices back to more than 400 yuan, the price of mainstream brands remain at 409 yuan / gram or so. New Year period, Nanjing, gold jewelry prices generally dropped to 370 yuan / gram, only two weeks time to up 30 yuan per gram.
last weekend, Standard & Poor’s downgraded the euro area continue to this uncertainty and the market’s risk aversion, the price of gold corresponding benefit. High instability of the dollar index, adjusted to be continued, so the corresponding dollar-denominated gold prices. In addition, analysts believe that with the recent price rise is also generally warmer on commodity markets. Copper, crude oil, zinc and other resources varieties continuous rise, wake up the gold product attributes.
global economy is still repeated shocks, how to invest go public in 2012? Standard Chartered Bank investment advice Bo Feng, vice president, suggested that investors should take Expected in 2012 will continue to repeated fluctuations in financial markets, macro-economic environment remains highly unstable financial markets will be dominated by policy decisions, particularly in key areas – the United States, Europe (France) is replaced by the leaders or the election period. Therefore, Feng Bo recommend investors to share the main configuration in less volatile asset class, or very low correlation with stock market volatility of the portfolio on the low. Investment stock market, to maintain super-strong with defensive stocks.
In addition, this investment must be concerned about inflationary pressures, inflation outlook, investment decision-making process is still an important variable, but the inflation outlook is difficult to determine. Developed countries with high debt to improve the process of rapid deleveraging of risk, with the decline in growth, expansion of output gap and rising unemployment causing deflation, but also encourage policy makers to strengthen the implementation of policies to stimulate the economy.
Feng Bo said the most likely situation is that the binding energy to curb inflation and moderate tightening of control measures for the policy. In this environment, Standard Chartered Bank believes that gold will continue to perform well. can see $ 1,875, or even back to $ 1,900. In the past 18 months, the performance of gold-related stocks significantly lagged behind the performance of related goods. Based on the assumption that the price of gold rising, they expected the performance of gold stocks will catch up with the performance of gold.
in the current market environment, many people tend to invest the cash-generating assets, to the accumulation of capital is not eroded in the case, used to cover living expenses. Feng Bo proposal and ultra-high-yield bonds with high interest stock.

2011 of Governmental in the real estate tax, real estate, credit, real estate transactions and land issued a series of New Deal, two rounds of macro-control behavior curb overheated market. In which the interest rate adjustment, the tightening of bank lending and financing norms of trust and monitoring policy of financing the real estate business has become more isolated, developers facing a funding source dried up situation.
Industry experts have pointed out that the financing gap of real estate development companies to expand into a diversified financing channels to bring development, real estate funds will become a powerful financing channels. Because personally involved in the project management of real estate funds, investment objectives and more specific characteristics of flexibility in the operation, the confidentiality of the investment strategy and the use of financial leverage the flexibility and other advantages, coupled with the Government’s private equity fund system building support for policy-oriented, real estate funds in real estate financing market will occupy an increasingly important market share.
housing prices and private equity funds to become the trend of

North China, according to DTZ Debenham Tie Leung director and director Wang Yutao investment analysis, real estate investment trusts real estate investment funds in the Core Fund , the most secure and stable income. Both for the public to provide its investors to share real estate investment real estate and revenue opportunities, but also for real estate projects and other funding sources to reduce bank credit institutions of systemic financial risk, but is not yet put the relevant policies, we do not the formation of scale.
As a real estate fund opportunity fund – private equity investment in China in 2011 in the real estate market has been rapid development. It is clear Research Center data show that 11 months of 2011, a total of 26 mainland China can invest in private equity real estate investment fund to complete raising, fund-raising total of $ 3,642,000,000; investment, the Chinese market 11 months ago 35 Chinese real estate investment completed, the transaction total $ 2.22 billion. From the sub-sectors, 35 from investment transactions mainly in real estate development industry, the industry completed a total of 31 investment transactions, the amount of $ 1.996 billion invested, compared to real estate investment services and property management industry the number of less. Real estate development industry, they turned the majority of commercial residential type of investment cases, 13 involving a total investment capital from $ 964 million, urban complexes, commercial real estate and real estate and other types of pension investment is relatively small.
Wang Yutao analysis, the domestic real estate private equity fund is divided into three forms. The first is the background of the main developers of real estate private equity investment fund free items, such as by re-investing, sun 100, the National Federation of Real Estate Chamber of Commerce and Beijing investment bank letter of co-sponsored by five organizations set up by estate Divine Spirit investment funds; the second is a professional real estate and financial professionals an independent real estate private equity funds, such as star ho Fosun Group’s capital, high and investment; the third is the state-owned enterprises and government background, real estate funds, such as Beijing Federation of Real Estate Chamber of Commerce and the Beijing Municipal Construction Committee to protect the pilot of the public rental housing fund. He said, real estate funds yearning for quality real estate projects, the future real estate business cooperation with the Fund will become an industry trend. , the Insurance Regulatory Commission in 2010 issued the the intensity of real estate investment market. Many large insurance companies such as China Life, PICC Group, China Reinsurance, Pacific Insurance, Ping An Insurance, Ampang insurance, Taikang Insurance House and the sun are all significantly increased investment in commercial real estate research and team-building, that the venture capital industry will also be a commercial real estate investment market in 2012 a pivotal force.
DTZ Debenham Tie Leung, Head of North China and director of investment, said Wang Yutao, outlook 2012, because of policy uncertainty and the corresponding regulations are still perfect, the private sector is difficult to form a strong real estate fund size, fund raising in efforts will face a huge challenge; state-owned enterprises and government-backed real estate private equity fund with its strong financial strength and vast resources of the community is likely to come to the fore, with large venture capital group for the 2012 China’s real estate arena, the two a protagonist. (Reporters Donghao Lin)

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Abstract: The Department of Housing and Chen Dawei , Vice Minister of Housing and Urban recently in the national forum on construction inspection of law enforcement , said in 2012 to promote the central major decisions and plans to implement to see the new results, focus on doing the affordable housing project construction and management , real estate market regulation and supervision of policy implementation of the housing provident fund management supervision and inspection .
Chen , Deputy Minister of Housing and Urban David Urban Housing in the country before the law enforcement inspection work conference , said that in 2012 the central major decisions and plans to promote the implementation to see the new results, focus on doing the affordable housing project construction and management , housing real estate market regulation and supervision of policy implementation of the housing provident fund management supervision and inspection .

said David Chen , Department of Housing and focus in 2012 will be published by law enforcement inspection programs, the provincial department of housing and urban construction to develop specific implementation plans , good supervision and inspection of the provincial level , organizations and cities to carry out inspections ; increase efforts to investigate violations of laws , investigated according to law and exposed a number of damage people’s interests and disturb the market competition order , with a broad social impact of major cases , a deterrent , to uphold the law and regulations of the seriousness and authority , to respond to community concern ; continue to improve urban planning and housing provident fund supervision system , increase efforts to promote the sooner law enforcement inspection , construction practices to enhance the process of monitoring and control disposition of a rapid feedback mechanism to detect and stop illegal signs tendencies. Use effective measures to carry it out.

Further Reading Shanghai real estate regulation and control will not be reduced this year, Zhang Hongwei : Shanghai common room to adjust the standard , market regulation, standard real estate market increased the potential of hall to become real estate real estate in order to stabilize asset prices