我国存在较显著的信贷顺周期性,信贷规模变动与经济增长波动呈现出很强的关联性,导致贷款周期和银行系统性风险之间同样呈现显著关联性波动。本文对信贷规模、房价波动与银行系统性风险三者之间的关系以及传导机制进行分析,证实我国信贷顺周期现象显著存在。因此,对于银行的监管需宏观审慎监管、微观审慎监管和货币政策相协调。 In our country, there is a significant credit pro-cyclicality. The changes in credit scale and the fluctuation in economic growth show a strong correlation, leading to the same significant fluctuations in the correlation between the loan cycle and the systemic risk of the bank. This article analyzes the relationship among credit scale, house price volatility and bank systemic risk as well as the transmission mechanism, confirming the significant existence of credit pro-cyclicality in our country. Therefore, the macro-prudential supervision of the banking supervision, micro-prudential regulation and monetary policy should be coordinated.