China Housing Finance Development And Securitization Of Thinking,

Housing industry is a very important part of national economy and it becomes a new growth-point of Chinese economy. To develop housing industry, housing finance is inevitable. Looking back on the history of Chinese housing industry and housing finance, we find out that Chinese lagged-development housing finance withholds the development of its housing industry. A secondary market of real estate mortgage loan does not exist in China still, and this restricts banks finance their real estate mortgage loan business, risk diversion is also impossible. With the housing finance underdeveloped, the intent demand cannot turn into effective demand. After a short investigation into the history of American housing finance and combining that with the actual situations in China, we draw a conclusion that Secur i t ies of real estate mortgage loan can be used as a solution to problems that restrict the development of Chinese housing industry and housing finance. Finally, we develop an applicable design for the operation of Securities of real estate mortgage loan.