Government intervention in private housing market in Hong Kong and its inspiration

Firstly,this paper reviews the background of Hong Kong government' intervention in the private housing market as well as the intervention tools implemented.Then,based on the summarized framework of government intervention under different market condition,we analyze the effectiveness of those policy measures.The results shows that government intervention help to mitigate the market vibration to some extend in Hong Kong' private housing market,but there still exists some disadvantages like the sluggishness in adjusting the intervention objective,the limitation of using monetary policy and the overlook of demand side intervention.The Government intervention experiences from Hong Kong will help Mainland China to improve the effectiveness of its own intervention in the housing market.