| 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.
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