论文部分内容阅读
资本市场是促进我国产业结构调整优化的重要市场,在我国房地产的发展周期里起到了重要作用。理论上,资本市场的市盈率、土地市场的地价、楼市的房价与银行贷款存在两个相互作用关系循环,在以土地为中心的房地产行业里,资本市场对产业的周期发展起到外部放大(缩小)的作用。本文就资本市场与房地产行业的关系进行了理论上的探讨。
Capital market is an important market to promote the adjustment and optimization of China’s industrial structure, playing an important role in the development cycle of real estate in our country. In theory, there are two cycles of interaction between the price-earnings ratio of the capital market, the land price of the land market, the price of the property market and bank loans. In the real estate industry with land as the center, the capital market plays an external enlargement on the cycle development of the industry ) Role. This paper discusses the relationship between capital market and real estate industry in theory.