Cao Yuanzheng: The most important thing in the real estate industry is system reform without increasing real estate tax

Cao Yuanzheng: The most important thing in the real estate industry is system reform without increasing real estate tax
On May 22, Sauna Night held two sessions of economic strategies, invited economists to be a guest in the live room of Sauna Night, Peng Sen, former deputy director of the National Development and Reform Commission, former director of the Institute of Finance of the Ministry of Finance, and Jia Kang, director of the China Academy of New Supply Economics,Liu Yuanchun, vice president of Renmin University of China, and Cao Yuanzheng, chairman of BOC International Research Co., Ltd., etc., jointly interpreted the government work report released this morning.Cao Yuanzheng pointed out that China’s real estate still needs great development, but the direction of development is that housing is not speculated.The so-called “great development” means that if Chinese migrant workers become citizens and more than 200 million farmers enter cities, overlapping China’s future urbanization process of 1% per year, then there are still many urban housing needs to be solved.At present, housing construction is associated with 40 or 50 departments and is also a very important sector for economic growth.”Should not be doubted, this is actually a net growth sector, and the correlation is very high.”Cao Yuanzheng said, “In the past, the development of the real estate industry was deformed, and it became a hype. Focusing on price surges rather than quantity supply, reforms in this environment will be very important. This is also the most important meaning of housing and housing.”Two policies have been issued in succession. One is “Opinions on Further Improving and Perfecting the Market-Oriented Allocation System of Factors”, and the other is “Opinions on Accelerating the Improvement of the Socialist Market Economic System in the New Era.”Special mention is made of the reform of the land system. “China’s housing prices are too expensive, in fact, it is not that the houses are too expensive, not the land is too expensive.” If the land elements are market-allocated, this situation may change.In the comments on the market-based allocation system of factors, it was specifically pointed out that the reform of the land-use system should be deepened, the reform of the rural land expropriation system should be comprehensively promoted, and the scope of paid use of state-owned land should be expanded.Establish a fair and reasonable system for distributing value-added gains into the market for collective operating construction land.Establish relevant system regulations for public interest land acquisition.At the same time, deepen the pilot reform of the rural homestead system.Cao Yuanzheng believes that this is a major reform to the supply of land. In the past, the only supplier of land was the government. The government acquired farmers ‘land and sold it.” If so many entities enter the market, the price of land may beChanges.From this perspective, if the real estate tax is introduced now and the attachments have changed, it will be difficult to discuss this issue.This also means that changes in land supply affect the changes in land prices and ultimately the changes in housing prices. “At the same time, Cao Yuanzheng said that long-term rents are currently encouraged. “In fact, Chinese houses do not necessarily need to be bought. In the past, many people rented houses for many years. How to encourage long-term rents has become very important.Land use is also closely related.If the long-term rental price around the city is cheap, there may be a lot of migrant workers, and college students have settled there, which also reduces the cost of living.If house prices rise and wage costs rise, competitiveness will decline.From this perspective, substituting rent for partial purchases has also changed for the real estate industry.For this year, the most important point is that the most important thing in the real estate industry is the reform of the system rather than the increase in actual income. It is the land system. The reform of the housing system gives migrant workers the potential for urbanization to increase their development.There is a basis for increasing income from property taxes. “Sauna, Ye Wang Zhang Siyuan Editor Chen Li proofreading Liu Baoqing