Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/32616
Title: An Exploratory Analysis of Impediments to China's Credit Control on the Real Estate Industry : an institutional perspective
Authors: Wei, Y
Lam, PTI 
Chiang, YH 
Leung, BYP 
Seabrooke, W
Issue Date: 2014
Publisher: Routledge, Taylor & Francis Group
Source: Journal of contemporary China, 2014, v. 23, no. 85, p. 44-67 How to cite?
Journal: Journal of contemporary China 
Abstract: To curb price speculations and overheated investment in the real estate market, the mainland Chinese government has determined to tighten bank lending to the market in recent years, by resorting to administrative tools through specific real estate control policy. With hindsight, the market response seems to have invalidated the policy initiatives. This research is aimed at investigating the impediments to achieving the laudable policy objectives of using administrative credit controls. A series of research interviews with property practitioners unraveled prevalent evasive practices and illicit tactics adopted by developers to thwart policy effects. This study leads to a better understanding of the institutional backdrop behind the less-than-expected results of the real estate macro-control measures. To better steer the real estate market, effective monetary control requires both the government and industry to make concerted efforts and consistent headway towards a complete, transparent and responsive ensemble of institutional arrangements.
URI: http://hdl.handle.net/10397/32616
ISSN: 1067-0564
EISSN: 1469-9400
DOI: 10.1080/10670564.2013.809978
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