Research On The Housing Mortgage-backed Security In Nanning

Being a financial innovation, the housing mortgage-backed security (MBS forshort) dated back to the end of 1960s in the United States. For several dozensyears, It have succeeded in US, Germany, Australia and so on. Although thedeveloping nation is late in application, the speed of development is quiteastonishing. The MBS have become irreversible direction in the internationalcapital market.Our MBS's exploration and discusses began in the 1990s. In March, 2005,the State Council agreed the country development bank and the Chineseconstruction bank to carry on the MBS experiment. However, it's not an easy jobto realize MBS in our country. Firstly, the article quotes the theory of MBS,analyzes the three models of developed country, sums up the three modes'significance to China. Secondly, it links the current situation and development ofnannnig commercial residential buildings market. According to analysis above,the article put forward the new financial technology-- MBS to solve theseproblems in the financing of nanning commercial residential buildings market.Finally, the article provides some important solutions which have the practicalinfluence on development of nanning commercial residential buildings market.