香港住房市场中的政府干预及其启示

首先回顾了香港政府干预私人住房市场的背景和已经使用的政策措施,然后系统总结了其在不同市场条件下干预住房市场的政策选择,并分析了使用这些干预政策所取得的效果。结果表明,香港政府对住房市场的干预,在一定程度上减小了市场波动带来的冲击,但也存在干预目标不能及时调整、货币政策工具有效性未如预期及对需求的干预重视不足等问题。分析研究香港政府干预住房市场的经验与局限性,有利于内地政府提高干预住房市场的有效性。

Government intervention in private housing market in Hong Kong and its inspiration

Firstly,this paper reviews the background of Hong Kong government' intervention in the private housing market as well as the intervention tools implemented.Then,based on the summarized framework of government intervention under different market condition,we analyze the effectiveness of those policy measures.The results shows that government intervention help to mitigate the market vibration to some extend in Hong Kong' private housing market,but there still exists some disadvantages like the sluggishness in adjusting the intervention objective,the limitation of using monetary policy and the overlook of demand side intervention.The Government intervention experiences from Hong Kong will help Mainland China to improve the effectiveness of its own intervention in the housing market.