全球不均衡货币金融体系造成国际流动性膨胀.对人民币汇率的升值预期加剧了证券和房地产市场投资热情,国际短期资本会以各种方式进入国内市场,并带动国内资本的投资热情,造成国内资产价格的大幅波动。房地产和股票等资产具有虚拟特性,而且我国证券和房地产市场正处于结构和制度调整期,资产价格的大幅波动会给市场发展和宏观经济稳定带来不良影响。
Global Money and financial system is asymmetrical, which is the main factor of national liquidity expansion. The increasing anticipation of exchange rate of RMB make the investing upsurge in both stock and real estate markets. The short-time international capital, in many ways, flows into demestic market, which brings along the investing impulsion and results in big fluctuating of asset price. Asset and real estate have fictitious characters, and especially when the structure and system of stock and real estate market is changing, great fluctuating of asset price fast will take some negative influence on the development of market and macro-economy.