On June 26th, CBRC (China Banking Regulatory Commission) declared to approve the preparation of Housing Financial Division of China Development Bank. ANBOUND research team holds that Chinese version "housing security bank" should focus on how to design operation and management mechanism and avoid becoming China's big financial concern due to degrading into policy bank. Among all others concerning security housing, demand management, structural management, operation management and capital management will undoubtedly be the key main four issues.