Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 48 , 01 December 2023
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The Impact of Benchmark Interest Rate towards Loan for the Housing Price – A Case in Beijing and Shanghai from 2011 to 2015
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Abstract
The housing market in China has been booming for two recent decades, and housing issues gradually become one of the most important concerns of the residents in China as the housing price was rising dramatically. This paper would analyze the influences between the housing price and the benchmark interest rate in two major first-tier cities of China, Beijing, and Shanghai from 2011 to 2015 before the interest rate reform in China was completed, by conducting data analysis in the regression model. It is found that the benchmark interest rate for loans has an important role in influencing housing prices. Finally, this paper would help make a clear and better understanding of the mechanism of the Chinese benchmark interest rate for loans, and how Chinese governments used it to sort out residential accommodation issues by comparing it to the recent Benchmark interest rate (LPR).
Keywords
benchmark interest rate, housing prices, housing market, mortgage loan
References
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-143-8
- ISBN (Online)
- 978-1-83558-144-5
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/48/20230425
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited