报告:三季度居民购房杠杆率下降,房产金融政策短期仍难松绑-小产权房558

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　　_blank class=infotextkey>get=_blank class=infotextkey>国际_blank class=infotextkey>get=_blank class=infotextkey>清算_blank class=infotextkey>get=_blank class=infotextkey>银行_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>公_blank class=infotextkey>get=_blank class=infotextkey>布的_blank class=infotextkey>get=_blank class=infotextkey>数据_blank class=infotextkey>get=_blank class=infotextkey>显示，_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>2018年末，所_blank class=infotextkey>get=_blank class=infotextkey>有统计_blank class=infotextkey>get=_blank class=infotextkey>国家的_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门_blank class=infotextkey>get=_blank class=infotextkey>平均杠杆率为59.7%，发达_blank class=infotextkey>get=_blank class=infotextkey>国家为7_blank class=infotextkey>get=_blank class=infotextkey>2.1%，_blank class=infotextkey>get=_blank class=infotextkey>新兴_blank class=infotextkey>get=_blank class=infotextkey>市场_blank class=infotextkey>get=_blank class=infotextkey>国家为_blank class=infotextkey>39.9%。_blank class=infotextkey>get=_blank class=infotextkey>目前_blank class=infotextkey>get=_blank class=infotextkey>我国_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门杠杆率_blank class=infotextkey>get=_blank class=infotextkey>低于_blank class=infotextkey>get=_blank class=infotextkey>国际_blank class=infotextkey>get=_blank class=infotextkey>平均_blank class=infotextkey>get=_blank class=infotextkey>水平，但_blank class=infotextkey>get=_blank class=infotextkey>高于_blank class=infotextkey>get=_blank class=infotextkey>新兴_blank class=infotextkey>get=_blank class=infotextkey>市场_blank class=infotextkey>get=_blank class=infotextkey>国家_blank class=infotextkey>get=_blank class=infotextkey>平均_blank class=infotextkey>get=_blank class=infotextkey>水平。但_blank class=infotextkey>get=_blank class=infotextkey>需要看到的是，在_blank class=infotextkey>get=_blank class=infotextkey>我国_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门杠杆率快速_blank class=infotextkey>get=_blank class=infotextkey>上升的_blank class=infotextkey>get=_blank class=infotextkey>同_blank class=infotextkey>时，_blank class=infotextkey>get=_blank class=infotextkey>其他_blank class=infotextkey>get=_blank class=infotextkey>主要_blank class=infotextkey>get=_blank class=infotextkey>经_blank class=infotextkey>济_blank class=infotextkey>get=_blank class=infotextkey>体的_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门都_blank class=infotextkey>get=_blank class=infotextkey>经历了_blank class=infotextkey>不同程度的_blank class=infotextkey>get=_blank class=infotextkey>去杠杆。例如，_blank class=infotextkey>get=_blank class=infotextkey>美国_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门杠杆率从_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>2008年末的95.4%显著_blank class=infotextkey>get=_blank class=infotextkey>降至_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>2018年末的76._blank class=infotextkey>3%，同期_blank class=infotextkey>get=_blank class=infotextkey>日本_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门杠杆率从59.5%_blank class=infotextkey>get=_blank class=infotextkey>降至58.1%，_blank class=infotextkey>get=_blank class=infotextkey>欧盟从_blank class=infotextkey>get=_blank class=infotextkey>60.4%_blank class=infotextkey>get=_blank class=infotextkey>降至57.7%。且_blank class=infotextkey>近_blank class=infotextkey>get=_blank class=infotextkey>年来_blank class=infotextkey>get=_blank class=infotextkey>我国_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门杠杆率_blank class=infotextkey>get=_blank class=infotextkey>增速较快，_blank class=infotextkey>如果_blank class=infotextkey>不加以 _blank class=infotextkey>get=_blank class=infotextkey>控制，_blank class=infotextkey>get=_blank class=infotextkey>未来几年_blank class=infotextkey>get=_blank class=infotextkey>有可能_blank class=infotextkey>get=_blank class=infotextkey>超越_blank class=infotextkey>get=_blank class=infotextkey>欧盟和_blank class=infotextkey>get=_blank class=infotextkey>日本。

　　_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>全国_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门_blank class=infotextkey>get=_blank class=infotextkey>贷款余额和_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>全国_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门存款余额的比值_blank class=infotextkey>get=_blank class=infotextkey>变化，也_blank class=infotextkey>get=_blank class=infotextkey>可以从另_blank class=infotextkey>get=_blank class=infotextkey>一个侧_blank class=infotextkey>面反映_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门的_blank class=infotextkey>get=_blank class=infotextkey>资_blank class=infotextkey>get=_blank class=infotextkey>金杠杆_blank class=infotextkey>get=_blank class=infotextkey>走势。_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>2007年_blank class=infotextkey>get=_blank class=infotextkey>一季度_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>2009年_blank class=infotextkey>get=_blank class=infotextkey>一季度，_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门贷存款余额_blank class=infotextkey>比例在_blank class=infotextkey>get=_blank class=infotextkey>20%_blank class=infotextkey>30%之间_blank class=infotextkey>get=_blank class=infotextkey>小幅_blank class=infotextkey>get=_blank class=infotextkey>波动。_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>2009年二季度开始，_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门贷存款余额_blank class=infotextkey>比例基本呈现逐年_blank class=infotextkey>get=_blank class=infotextkey>上升的_blank class=infotextkey>get=_blank class=infotextkey>趋势，尤其是_blank class=infotextkey>get=_blank class=infotextkey>201_blank class=infotextkey>get=_blank class=infotextkey>6年以来呈加速_blank class=infotextkey>get=_blank class=infotextkey>上行_blank class=infotextkey>get=_blank class=infotextkey>趋势，这与_blank class=infotextkey>get=_blank class=infotextkey>201_blank class=infotextkey>get=_blank class=infotextkey>6年以来_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门_blank class=infotextkey>get=_blank class=infotextkey>贷款余额_blank class=infotextkey>get=_blank class=infotextkey>增速较_blank class=infotextkey>get=_blank class=infotextkey>高_blank class=infotextkey>get=_blank class=infotextkey>有关。_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门贷存款余额_blank class=infotextkey>比例从_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>2008年末的_blank class=infotextkey>get=_blank class=infotextkey>25._blank class=infotextkey>3%_blank class=infotextkey>get=_blank class=infotextkey>上_blank class=infotextkey>get=_blank class=infotextkey>升至_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>get=_blank class=infotextkey>2018年末的66.1%，期间_blank class=infotextkey>get=_blank class=infotextkey>上升了40.8个_blank class=infotextkey>百分点。_blank class=infotextkey>get=_blank class=infotextkey>2019年_blank class=infotextkey>get=_blank class=infotextkey>三季度，_blank class=infotextkey>get=_blank class=infotextkey>住户_blank class=infotextkey>get=_blank class=infotextkey>_blank class=infotextkey>部门贷存款余额_blank class=infotextkey>比例_blank class=infotextkey>get=_blank class=infotextkey>上_blank class=infotextkey>get=_blank class=infotextkey>升至66._blank class=infotextkey>get=_blank class=infotextkey>2%，创_blank class=infotextkey>历史_blank class=infotextkey>get=_blank class=infotextkey>新_blank class=infotextkey>get=_blank class=infotextkey>高。

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