新华社7月25日发表的时评文章《房地产市场要坚决防止“微调”放水》说，国务院办公厅7月24日发出通知，决定从7月下旬开始派出8个督查组赴16省份，对房地产市场调控政策措施落实情况进行专项督查，这立即引起社会强烈关注。专项督查的实施，传达出中央落实房地产宏观调控、坚决制止地方“微调放水”的决心。

The xinhua news agency on July 25, editorial published articles《The real estate market will be resolutely to prevent“fine-tuning”water》said，The general office of the state council issued a notice on 24 July，A decision from late July 8 DuZhaZu started to send to 16 provinces，The real estate market regulation policy measures to implement special superintendent himself，The immediate cause social strong concern。The implementation of the special supervision，Conveys the central implement real estate macroeconomic control、Resolutely put a stop to place“Fine-tuning the water”determination。

　　社会公众注意到，此次通知要实施专项督查，是中央部门十多次表态“调控绝不动摇”的连续动作。此间，30多个城市屡屡出台“地方新政”，试图以地方“微调”来化解中央的房地产“宏调”。政策的持续博弈，加剧了市场波动，动摇着社会预期。实施专项督查，正是释放中央政策明确信号，为地方微调政策划红线的有力举动。

The social public notice，This notice should implement special superintendent himself，Is more than 10 times the central authorities say“Regulation will never waver”Continuous action。here，More than 30 cities often come on stage“Place New Deal”，Trying to place“fine-tuning”To resolve the central of real estate“Macro adjustment”。The policy for the game，Increased market fluctuations，Shake the social expectations。Implement special supervision，It is the central policy release clear signals，For the local Red Cross fine-tuning policy strong move。

　　地方政府对中央政策的落实程度，直接影响到宏观调控的成果。今年以来特别是第二季度以来，房地产市场出现异常波动，市场信号趋于混乱，其中很重要的一个因素就是“宏调”与“微调”间的摩擦增大，影响了市场预期。

Local government to fulfill the policy of the central level，Directly affect the macroeconomic regulation and control results。Since this year especially since the second quarter，The real estate market appears abnormal fluctuations，Market signals tend to chaos，Which is very important factor is“Macro adjustment”and“fine-tuning”The friction between the increase，Affect the market expectations。

　　新一轮房地产调控以来，地方政府一直“微调”不断。有机构统计表明，进行“微调”的城市至少达到40多个。根据国土资源部的最新数据，去年下半年以来，全国105个监测城市中，北京等33个城市分别从不同角度出台楼市“微调”政策，内容涉及公积金贷款额度、土地出让、普通住宅标准、税费优惠及购房补贴等，而上海、芜湖、佛山、成都等城市因为碰到限购政策的“红线”被叫停，其余城市的“微调”仍在继续。

A new round of real estate since regulation，Local government has been“fine-tuning”constantly。Statistics show that have institutions，for“fine-tuning”City at least of more than 40。According to the latest data of land and resources，Since the second half of last year，The national 105 monitoring in the city，33 cities such as Beijing respectively on property market from different angles“fine-tuning”policy，Content involves accumulation fund loan amount、Land transfer、Average house standard、Tax concessions and purchase subsidies，And Shanghai、wuhu、foshan、Chengdu and other cities because of the 限购 met policy“Red line”Have been stopped，The rest of the city“fine-tuning”Continue to。

　　其实，在宏观政策层面，中央坚持房地产调控不放松的基调从未改变。4月13日，国务院常务会议指出“坚持房地产调控政策不动摇，决不让调控出现反复”。5月中旬，温家宝总理在六省经济形势座谈会上指出，要稳定房地产市场调控政策，严格实施差别化住房信贷、税收政策和限购政策，采取有效措施增加普通商品房供给，继续推进保障性安居工程建设。国土资源部、住建部、发改委、央行、证监会等相关部门先后表态，重申坚持房地产调控不动摇。

In fact，In the macro policy aspect，The central insist on real estate regulation not to relax fundamental key has never changed。April 13,，The standing committee of state council said“Insist on real estate control policy not be moved，Never let regulation appear again and again”。mid-may，Prime minister wen jiabao in six provinces and economic situation forum said，The real estate market to stabilize control policy，Strictly implement differentiation housing credit、Tax policy and 限购 policy，Take effective measures to increase supply general commodity house，To continue to push forward the supportability project construction live。Land and resources、Live JianBu、The national development and reform commission、The central bank、CSRC and related departments to successively comment，Reiterated that adhere to the real estate regulation not be moved。

　　中国地区差异大、市场主体多元，宏观政策在各地执行过程中的确存在因地制宜的问题。但地方“微调”必须服从中央“宏调”，碰触“宏调”底线、红线的，必须坚决叫停。在稳增长基调下，必须确保流动性真正投向实体经济，并服从转方式、调结构的长远目标，坚决防止“宏调”筑坝、“微调”放水而重蹈为“保增长”而绑架房地产的覆辙，避免房地产市场来之不易的调控成果付诸东流。

China area differences、Market main body multiple，Macro policy around in during the execution of the problem there is the adjust measures to local conditions。But local“fine-tuning”Must subordinate to the central“Macro adjustment”，touch“Macro adjustment”Bottom line、Red line of，Must firmly to stop。In steady growth under the fundamental key，Must ensure that liquidity to the real economy，And the way to turn、The structure of the long term goals，Resolutely to prevent“Macro adjustment”DAMS、“fine-tuning”And for a repeat of the water“The growth”Kidnapping mistakes of the real estate，Avoid real estate market hard-won control results suffer。

　　（《证券时报》快讯中心）

（《Securities times》Dispatch center）