Research On The Influence Of MBS To Residential Real Estate Market In China

As the gorwth of economy development, the real estate market of China has become mature, howerer there are still some risks alongside. Resident mortgage backed securities(RMBS) which is one of finance innovation pruducts in 20th century, is both feasibility and necessary in China, morvere, the experimental unit of RMBS has got big success.Based on the bacis principle of RMBS, the dissertation analyzes the influence mechanism of RMBS to real estate market; the dissertation then outlines the influence caused by the implement of RMBS. Integrating with the crisis of sub-prime mortgate backed security, the dissertation uses case study to analyze the micro-enviroment and transmission mechanism of RMBS. What's more, some key issues of implementing RMBS which should be payed attention to are put forward.The influence of RMBS towards real estate market is the consquence of accumulation of socitety capital through commercial bank, which is an important carrier of transmission mechanism. In current situation of finance systerm and real estate market, the influence of RMBS to real estate market is mainly through loan of bank to influence the demand and supply of real estate market, subsequently to influence the price of real estate and market expectation.Through analyzing the cause and transmission mechanism of the crisis of subprime mortgage backed security in USA, the dissertation last consists of the revelation of the crisis to china, and gives some suggestiongs for steady development of real estate market in china.