Qin Xiao: The administrative regulation can't hold the property bubble

"The property bubble certainly exists, but it is not a way to rely solely on administrative means." In the face of the media last week, Qin Xiao, the former chairman of China Merchants Group, expressed his views on current real estate regulation.　　In his opinion, we should start with the basic reasons of land finance and liquidity to solve the housing bubble problem. Qin Xiao said one of the main reasons for the current high housing prices is land finance. After the 1994 national tax system reform, the authority of local government has been increasing, but the financial authority has not changed, which causes the local government to rely too much on land income. "If the sale of land and taxes can be used to build low-cost housing, or compensation to landless farmers, rather than into the financial, so even if the sale of the king, the public will not resent."　　"Qin Xiao said.　　Business Newspaper Reviews: The implication is that the key to the effectiveness of administrative regulation is for the people or for the official tune. Column hosting Xiao Wei