中国房地产金融,自20世纪末住房制度改革由福利分配到货币化分配以来,得到了快速发展。从1998年的个人住房按揭货款仅有800多亿,上升到2005年底的近1.8万亿,增长22倍之多,极大地推动了个人消费信贷的发展,由此也带动了房价的快速上扬。在不足10年的时间,以这样高的增长速度,在 China’s real estate finance has witnessed rapid development since the end of the 20th century when the housing system reform was distributed from welfare to monetization. From 1998, the mortgage payment of personal housing was only 800 billion yuan, up nearly 1.8 trillion yuan at the end of 2005, an increase of 22 times, greatly promoting the development of personal consumer credit, which also led to the rapid rise in house prices. In less than 10 years, at such a high rate of growth