Research on Liquidity Risk of Real Estate Finance in Commercial Bank

With the real estate financial business of commercial banks as the entry point， the content and features of real estate financial liquidity risk were defined. Based on the VaR methods， the indexes of risk assessment and measurement， called CB-REFL-VaR， were set up. These indexes include non-performing loan ratio， excess reserves ratio， liquidity ratio， deposit and loan rates， real estate loans to total assets ratio， ratio of long-term loans， net inter-bank borrowing rate， and so on. The system of indexes is fit to the situation of development on Chinese finance and real estate market. Then using Shanghai Pudong Development Bank as a sample， this paper did an empirical testing about the CB-REFL-VaR methods， and calculated VaR of Shanghai Pudong Development Bank. The result indicated that there would be higher real estate finance liquidity risk of the Shanghai Pudong Development Bank in the coming years. Finally， specific prevention and treatment measures on real estate financial liquidity risk were put forward， including: to implement housing mortgage loan securitization securely; to develop the real estate trusts and perfect the real estate financial instruments sound system; to develop financial markets and new financial products; to complete system of real estate finance and legislative work， and so on.