The background of the Sunnyvale bank owned house

In total assets, Sunnyvale bank owned house, financial assets accounted for 54% of 46%. Bank deposit reserve, insurance and manpower capital is not calculated in the asset. Also not sure whether have all shown debt and equity.
In the early 1990s, China's middle Sunnyvale bank owned house with fast forward market has the economic development. In 1999, the central government began in the nationwide housing welfare system, stop to housing assignmentcurrency system, this system since 1986 start in a pilot project in yantai, DiZu hair started to feature, idling coupons. Soon, tangshan city bengbu, joined the ranks of the pilot room.
However, because of the late 1980s high-strength inflation, macro economic comprehensive adjustment, large Sunnyvale bank owned house caused credit-tightening lost funding sources, the company produced in China since the reform and opening of the first lousy poop climax. In this case, the housing distribution of market reform and development of Sunnyvale bank owned house in silence. 1992 deng xiaoping after speech to near gin-san area when the land is provided, the proper approve Sunnyvale bank owned house of a year's development of high-speed development. But this crazy construction upsurge in the upstream of the raw material, it also creates a new high intensity and inflation, the second lousy poop climax. As such, guangxi province north of rotten poop mostly in this period.
In 1998, the central government decided to stop housing material distribution monetized instead. Stop time, new housing welfare after just don't rent, principle and comprehensive system of housing accumulation fund. China construction bank, issued in China's first personal housing Sunnyvale bank owned house.


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