【摘要】 住房抵押贷款证券化是20世纪70年代以来最重要的国际金融创新之一,目前已成为国外主要发达国家构筑住房金融二级市场的主要适径。本文从解析住房抵押贷款证券化的概念入手,通过介绍住房抵押贷款证券化最早的发源地——美国以及其发展模式,阐述对我国推行此项资本运作的借鉴意义以及存在的风险。同时,针对我国目前正处于城市化进程加速发展时期的现状,本文指出:随着人们住房条件的进一步改善,房贷规模日益膨胀,在我国尽早推行住房抵押贷款证券化,加快建设住房抵押贷款二级市场已势在必行。推行住房抵押贷款证券化对我国房地产和金融市场的发展有重要意义。更多还原

【Abstract】 Mortgage-backed Securitization(MBS),one of the most significant innovations of international financing since 1970s, has attributed itself to the principal path to construct the secondary market of real-estate finance for the leading developed countries in the world.The thesis begins with explaining the concept of MBS and shows presentation of its origin,the U.S.,together with its mode of development in American way.The thesis also expatiates on both the signifigance of promoting MBS in China and the risks incurred. The thesis points out that China is nowadays under the very stage of accelerated urbanization.On account of the further enhancement of people’s housing,which leads to increasing expansion in the scale of loan for real estate,it is unavoidable that China’s early promotion of MBS be executed and establishment of the secondary market for mortgage-backed loan for estate be expedited.MBS is attaching great importance to China’s development of real estate and financial market.更多还原