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Since 1998, China's housing reform gradually in depth, especially with the end of the welfare housing distribution, the beginning of the commercialization of housing, the real estate industry has entered a new period of sustained and rapid development. At the same time, real estate prices are continuously rising fast. Endless debate on the issue of China's real estate bubble in recent years, but has not yet been decided. This thesis is based on a large number of domestic and international real estate bubble information collected through the study of the real estate bubble has identified the fact that our local real estate bubble, and reveal the risk of the national real estate bubble and its harm, for China's real estate bubble The risk factors of early warning and preventive measures. The main contents of this paper are as follows: Firstly, the meaning of the real estate bubble and its characteristics; then analyze the current real estate bubble of the controversy, viewpoints and arguments expounded the \objective evaluation. Followed by detailed analysis of the cycle of real estate, real estate investment, real estate, corporate banking, the proportion of loans and price earnings ratio indicators, in-depth analysis of the causes and characteristics of the Shanghai real estate market bubble in 1999 to 2004; through the real estate cycle, country a detailed analysis of the indicators of the housing climate index, the index of real estate prices, real estate investment, real estate, corporate banking loans ratio and the price earnings ratio, finds that the national real estate market from 1999 to 2005, the overall development of health, local regions of the objective facts of the real estate bubble. Analysis of the causes of China's real estate bubble and real estate bubble caused by the existence of our country harm. Finally, the main reason for China's real estate market bubble through the establishment of the real estate bubble of the early warning and prevention mechanisms to prevent the real estate bubble, and in the analysis of the existing real estate bubble early warning indicator system, on the basis of the method of detection methods of the real estate bubble and real estate bubble warning build early warning indicator system of China's real estate bubble; proposed to strengthen the building of the tax system, strengthen the management of bank credit, to optimize the investment structure of the real estate industry, and regulate the land market, the establishment of a regular information disclosure system, economic development, increasing household income, and more The kinds of measures to curb real estate speculators to eliminate localized bubble policy measures.
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