香港房地产泡沫泡沫及其对中国的启示1.doc

本科生毕业论文（设计） 题目：香港房地产泡沫破灭及其对中国的启示 学 院 经济学院 学科门类 经济学 专 业 金融学 学 号 2010******** 姓 名 *** 指导教师 *** 2014年5月30日香港房地产泡沫破灭及其对中国的启示 摘 要 在我国国民生产总值中, 房地产及关联产业占综合经济增长率的60%以上，在经济增长中占有很大比重。一旦房地产市场出现泡沫经济并发生破灭，那么对国民经济将会带来致命的打击。香港房地产市场无非就是一个很好的例子。1997年香港房地产泡沫破灭，房地产价格的急剧下降，使得房地产企业的大量投资无法收回，经营极其困难，而且大批破产，从而引发了严重的生产和消费危机Hong Kong real estate bubble burst and the Implications for China ABSTRACT In Chinas GNP, the real estate and related industries accounted for more than 60% of overall economic growth, a large proportion of economic growth. Once the economy and real estate market bubble burst occurs, then the economy will deal a fatal blow. Hong Kong real estate market is nothing more than a good example. Hong Kong real estate bubble burst in 1997, a sharp decline in real estate prices, making a large number of real estate companies unable to recover the investment, operation is extremely difficult, and a large number of bankruptcy, causing a serious crisis of production and consumption crisis. The main reason is that Hong Kongs real estate bubble formed insufficient supply of land resources, financing real estate industry diversification, negative real interest rates irrational economic structure of Hong Kong and Hong Kongs long-term existence. Affected by the Asian financial crisis, real estate has become a high-priced purchase of negative equity, investment will weaken, as well as the withdrawal of international hot money herd behavior factors have led to the inevitable result of the real estate bubble burst. Through the above analysis of the Hong Kong real estate bubble formed and burst reasons, combined with Chinas inland real estate market, both of which have a land leasing system is unreasonable, excessive speculation in the real estate market, foreign investment and hot money speculation in real estate and real interest rate is negative common, but both on the formation of real estate have different points, diffe