金融深化是我国改革的必然趋势。从考察我国房地产金融深化程度入手 ,分析了金融抑制条件下我国住房公积金归集率提高较慢的一个重要原因在于利率歧视 ,并提出了适应市场经济要求的住房公积金存贷利率的整体构想。 Financial deepening is an inevitable trend of our country’s reform. Starting with the study of the deepening of real estate finance in our country, an analysis is made of the reason why the accumulation rate of housing accumulation fund in our country is slowed down under the financial repression. The main reason for this is interest rate discrimination. The overall concept of housing accumulation fund deposit and lending interest rate, which is adapted to the market economy, is put forward.