【作者】 韦海民；

【导师】 金维兴；

【作者基本信息】 西安建筑科技大学 ， 管理科学与工程， 2003， 硕士

【摘要】 长期以来我国住宅金融资金主要来源于银行等金融机构的贷款。融资渠道单一，缺少与住宅生产和消费快速发展相适应的良好筹资机制，住房抵押贷款缺乏风险转移和分散机制，阴碍了住宅产业和住宅金融的发展。因此研究适合我国的住宅金融融资模式对于解决广大居民对住房的潜在需求向有效需求转化，具有重要的现实意义。 本文通过对国际住房金融融资模式进行比较研究，结合我国国情，提出我国应构建“以住房证券化为主体，住房公积金制度和住房储蓄制度并行发展”一体两翼的住房金融融资模式，抵押银行债券作为住宅金融住房证券化创新的重要品种。本文以发达国家的理论与实践经验为基础，同时立足我国实际，指出抵押银行债券是我国目前实施住房证券化的现实选择，论证了抵押银行债券在我国实施的必要性和现实意义，提出我国实施住房抵押银行债券的操作方案。并主要对试点阶段抵押银行的设立，抵押银行债券的发行、交易、运作流程等方面进行了探讨。提出我国开展抵押银行债券，政府应起到主导性作用，以及应建立和完善住宅金融运行的法律法规、完善个人信用规则、健全担保保险市场、积极培养机构投资者、规范发展房地产评估业等对策措施，以期为我国住宅产业发展实施抵押银行债券提供理论基础和运作指南。更多还原

【Abstract】 The main source of the housing financial fund is the loans of the finance organization such as banks in China since a long period, finance channel is blocked, at present China lacks of the better collecting- money mechanism which suits for the rapid development of the housing produce and consume, housing mortgage credit lacks of risk transfer and scatter mechanism, which block the development of housing industry and housing finance. It possesses important practical significance for the vast residents’ demands transformed from the potential to the effective. So it is useful to find a suitable housing finance pattern to meet the increasing housing demand of citizens.Through comparing and researching the international housing finance pattern and considering China’s reality, the article puts forward that China should select the housing finance pattern that housing securitization is the principal part, and housing provident fund and housing deposit develop together. Mortgage bank bonds is an important and new-type housing securitization. The thesis is based on the developed countries the theoretic and practical experiences and considers the practice of our country. The article points out that mortgage bank bonds is the practical select of carrying out housing securitization in China, expounds the possibility and significance of implementing mortgage bank bonds and raises operating plan. In this paper, author has a explore about the issuance and transaction of securities on the test stage. The thesis explains the government’s leading function in developing the mortgage bank bonds. The thesis points out that the government should set up financial laws and perfect the personal credit, the guarantee and insurance market, train actively the non-personal investor and standardize the measures of the real-estate evaluating industry. The aim of the article is to provide the theoretical basis and operational guide for China’s housing industry development using mortgage bank bonds.更多还原