The Study on Value-Added Benefits of Precipitate Housing Fund- Based on the Panel Data of Affordable Housing in 28 Pilot Cities Analysis

Abstract

The effective functioning of the housing fund in favor of the promotion of Pareto optimality, precipitated scale andoptimize investment structure of the reserve fund to better promote social justice and progress. By data of affordablehousing pilot cities 28 analysis confirmed the differences between the current situation around the reserve stock ofour country, pointed out the importance of addressing the issue of differences in the stock fund; and empiricalresearch in national policies permitted by constructing a model of the mean-VaR under the housing fund invested inbank deposits, treasury bonds and guarantee structure and investment ratio of investment housing construction, andto provide the basis for effective investment decisions and take advantage of the latest bank deposits and governmentbonds interest rate data empirical analysis, the final articles based on empirical the results were summarized todetermine the optimal ratio of investment and try to discuss the issue in transition housing fund management center.Based on the current state of the housing provident fund law-making is not comprehensive, fund value-addedbenefits of ownership are unclear, the article from the establishment of a sound legal system, a clear value-addedbenefits tenure position, improve the regulatory mechanism, the Quartet risk control policy in the face ofprecipitation funds investment risk early warning and prevention, in order to optimize the efficiency of capitalinvestment precipitate.