By the end of 20 14, the balance of individual housing loans of commercial banks was1/kloc-0.5 trillion yuan, accounting for 82% of the balance of individual housing loans. At present, the central bank has liberalized the bank loan interest rate, but it still controls the individual housing loan interest rate. Personal housing loan has become the asset with the longest loan term and the lowest rate of return in commercial banks, which is contrary to the commercial objectives of profitability and liquidity. In fact, banks bear the dual responsibilities of business and policy, which not only weakens the effectiveness of monetary policy, but also intensifies the fluctuation of the real estate market. The establishment of the National Housing Bank can effectively solve the problem of "pro-cyclical" operation of commercial banks, avoid the ups and downs of the real estate market, expand the operating space of monetary policy, and create conditions for the interest rate marketization reform.

Improve the management of housing provident fund. Housing accumulation fund is an institutional innovation combining international experience with China's national conditions, which has played an important role in promoting the reform of housing system and the development of real estate market. At present, the main problems are the weakening of institutional functions, the imbalance of interest structure and extensive management. The fundamental reason is the defect of system and mechanism. First, cities are scattered and cannot cross cities, and cities with strong loan demand are short of funds. It is difficult for cities with insufficient loan demand to give full play to their role. Second, the management chain is too long, the management center is a public institution, and there is no financial function. The financial business has to be entrusted to the bank, which has high management cost and low service efficiency, and there are potential risks. By establishing the National Housing Bank and integrating the municipal management center, we can effectively improve the intensive, specialized and refined level of fund management, reduce the management and operation costs, give full play to the role of housing provident fund and protect the rights and interests of paid employees.