Li: Property market regulation will persist for many years

September 5, Tsinghua University China and the World Economic Research Center Director of the central Bank's Monetary policy committee, Li said in Hefei: "The policy adjustment for real estate prices is just beginning, I believe that will continue for many years." "Opinion: The soaring housing price is causing social problems." The rapid rise in housing prices in recent years is not a financial problem but a social problem, "he said. He warned that the rapid rise in house prices as a wealth transfer mechanism has made many young people feel anxious and helpless.　　Once the pattern of the wealth distribution tool is formed, it will undoubtedly have a great impact on the domestic economy. Li's "Top stock market shareholders" to the metaphor of "young people face the frustration of high housing prices." For example, he said, the house price near Tsinghua University is only seven thousand or eight thousand yuan a square meter five or six years ago, now to thirty thousand or forty thousand yuan a square meter.　　If five or six years ago to buy a set of Tsinghua University near the house, today to sell, virtually every square meters from the hands of young people transferred out of more than 20,000 yuan of wealth. He also pointed out that the reason for the rapid rise in house prices is not a financial problem, because the problem of Chinese real estate and Western countries before the subprime crisis in the real estate bubble compared to the nature of a completely different.　　China does not have a subprime mortgage in the West, and is not worried about the impact of falling house prices in the future.　　Suggestion: Local government should master public housing property Li warned that the lack of social contradictions would make many reforms in the economic sector difficult to advance.　　In response to the current round of real estate regulation, he said, "It is only the beginning, I believe it will continue for many years, and will bring a large number of reforms, including local finance and other related aspects."　　He said he had suggested to the state that local governments should have access to the property rights of public housing, allowing them to raise funds for public housing when they were developed, from the rental income of public housing. He said the move would allow local governments to recognise the need to develop public housing and control property prices. According to Oriental Morning Post