China's current urbanization might be the fastest urbanization process in the world's history; in its urbanization process there is the rapid development of real estate, bringing the rapid expansion of urban space and causing the formation of new urban assets. In recent years, with the rise in house prices, China's real estate asset value rose rapidly. Rapid urbanization and the global Central Banks’ super-loose policy, making real estate as the representative of the asset bubble. The bursting of the real estate bubble could be another form of future destruction of wealth. As China's real estate asset prices have reached a high level, if asset bubble burst in the future, China will not be able to escape from that.