Legal analysis on real estate bubble countermeasures and real estate securitization in China

2017 Fiscal Year Final Research Report

• Project/Area Number: 26870591
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: New fields of law; Fundamental law
• Research Institution: Takushoku University
• Principal Investigator: CHO Tomoaki 拓殖大学, 政経学部, 准教授 (20555073)
• Research Collaborator: HUANG Yi 西南大学, 法学院, 副教授 ; ZHANG Xinmin 西南大学, 法学院, 教授 ; LIU Yongguang 厦門大学, 法学院, 教授 ; Li Guoan 厦門大学, 法学院, 教授 ; WANG Cheng 北京大学, 法学院, 教授 ; KATO Kouici 松山大学, 経済学部, 教授 (60244836) ; KURUMISAWA Yoshiki 早稲田大学, 法学学術院, 教授 (40139499)
• Project Period (FY): 2014-04-01 – 2018-03-31
• Keywords: 中国 / 不動産 / 土地 / 証券化 / 所有権 / 農地 / 物権法 / 三権分置

Outline of Final Research Achievements

In China, there are different land systems in urban and rural areas. Regarding rural areas, land management right and the residential land right distributed to farmers based on the status of farmers are stipulated in Property Law. In China, with the rapid economic development, the real estate bubble is concerned in urban areas, so in order to solve the problem, they are planning stabilization by integration of rural and urban areas. Then the land system of urban and rural areas is reinstated Real estate securitization model was adopted in Chongqing city etc. Recently, while the stagnation of securitization, it is promoted that "Separation of Three Rights" divides the land management right into a land management right and land use right to diversify the rights of agricultural land. It can be said that there has been a change and progress in reforms from the stage of securitization to the stage of ownership theory.

Free Research Field

法学