Macroeconomic Policy Enters A Tense 2011

　　 When we welcome the opening year of 12th Five-Year in 2011, we hope to make breakthroughs in a series of macro policy areas. As a matter of fact, under the guidance of the key words of structural adjustment, transformation and expansion of domestic demand, reform in key areas such as finance, taxation and medical treatment is becoming an irreversible task.

Under the guidance of the macroeconomic regulation and control keynote of "loose stability", "broad finance" provides policy guarantee for expanding people's livelihood expenditure and reducing tax in some areas. "Tight money" helps to manage inflation expectations and to strengthen prices and property market regulation.

Property market

Regulatory policy reserves Property tax Window to be opened

Xu Hui Yun

In 2010, the land revenue of two cities in Shanghai and Beijing exceeded 100 billion yuan respectively, and the increase will exceed 50%.

In the inventory of "the most stringent" market regulation year, the outside world had to face such a group of embarrassing figures.

In recent days, the tone has been established from a high level to a series of statements by ministries and commissions.

Recently, Premier Wen Jiabao of the State Council said: "in my term of office, we must keep house prices at a reasonable level, and I will work hard to achieve this goal and never shrink back."

Li Keqiang, vice premier of the State Council, stressed last week that we must stick to the regulation of the real estate market.

Recently, the national housing and urban construction work conference revealed that we should continue to vigorously standardize and supervise the real estate market order and safeguard consumers' legitimate rights and interests. The Ministry of housing and urban rural development will reserve policies in conjunction with the relevant departments. Jiang Weixin, Minister of housing and construction, said that while continuing to strictly implement the existing regulatory policies, we should always prepare new measures for real estate regulation.

In terms of policy reserves and new measures, all sectors of the community put great hopes on the property tax.

At the end of 2010, officials at all levels were concentrated and decisive. Yang Hongxu, Minister of comprehensive research of Shanghai Yi Ju Real Estate Research Institute, judged that the real estate regulation in 2011 was not only impossible to relax, but also the possibility of overweight. Stabilizing housing prices will remain the core goal. In the first quarter, due to the traditional off-season around the Spring Festival, the market is unlikely to be too hot. It is a period of policy observation and is unlikely to introduce a new round of regulation. If the property market evolves from "spring warming" to "Xia hot", a new wave of regulation is likely to come out.

In fact, some places have already released the signal of persisting in regulation and control.

It has been stated that the "effective period" of the commercial housing purchase restriction policy to Fuzhou, Xiamen and other cities in December 31, 2010 has decided to postpone the implementation of this policy.

Yang Hongxu said that if housing prices continue to rise, the implementation of the purchase of the city will continue to increase. As the yuan will continue to appreciate this year, the enthusiasm of foreign investors to enter the real estate industry is unlikely to cool.

In terms of Finance and taxation, Property tax The rumors have been stimulating the market nerves for countless times in 2010.

Yang Hongxu said that in view of the poor effect of the current regulation of housing prices, some hot cities still have a sharp rise in housing prices. As early as the first quarter of 2011, Shanghai or Chongqing are likely to take the lead in the pilot collection.

Han Zheng, mayor of Shanghai, recently said at the Shanghai economic work conference that Shanghai should prepare for the pilot project of property tax reform in 2011.

The notice issued by the general office of the Chongqing municipal government on the further strengthening of the regulation of the real estate market at the beginning of last month also indicated that it would actively prepare for the collection of high-grade housing property tax according to the requirements of the state to speed up the pilot reform of the real estate tax.

Although the property tax is considered to have the effect of regulating the property market by the public, it seems to be helpful in the industry. tax reform It will play a greater role in providing stable financial resources for the local community.

Under the background of tax sharing system, the dependence of local governments on land finance is increasingly strengthened, resulting in various drawbacks. Jia Kang, director of the Fiscal Science Research Institute of the Ministry of finance, believes that the reform of local taxation system needs resource tax in the west, and the property tax is needed in the eastern region, making it one of the pillars of the local tax system.

As of December 30, 2010, land leasing fees in many cities across the country hit a new high. Taking Beijing as an example, land leasing has reached 163 billion 672 million yuan, becoming the highest income city in land transfer last year. It has become the only city in the country with more than 160 billion yuan of land transfer fees. Last year, Shanghai, with the highest land price, ranked second in 152 billion 370 million yuan.