Author(s)

Zhuo Li

Corresponding Author

Zhuo Li

ABSTRACT

The macro-control of the real estate market has gone through ten years, but the effect is not satisfactory. On the contrary, the house price has risen sharply in several rounds of regulation, which makes the macro-control policy of real estate issued by the central government become a bubble. Compared with real estate investment, physical investment is still profitable, and the increase of financial scale will not lead investors to allocate a large number of financial assets into real estate. Therefore, the rising financial scale aggravates the bubble's inhibitory effect on real economy investment. With the rapid development of financial economy towards virtual field, the unbalanced development of real economy and financial economy has become an important factor restricting the steady development of economic market. In the construction of new development pattern, based on the influence of financial economy on real economy, this paper further clarifies the ways to achieve balanced development of financial economy, real estate and real economy.

KEYWORDS

Financial economy, Real estate, The real economy, Virtual economy