Law Of China's Development Of Reverse Mortgage Financial Innovations

Reverse mortgage emerged in Holland,fully developed in USA and developed rapidly in many other countries and regions. Now,On the one hand,the problem of aging in China is more and more critical.On the other hand,our financial institutions are under pressure to advance financial innovation.Reverse mortgage is an effective method to settle the retirement problem and a kind of innovative financing method. However,China has many problems in the process of transplanting Reverse mortgage.So,it is very important to settle the difficulties of applying Reverse mortgage in Chinese environment and develop Reverse mortgage in China.This paper is of three chapters as follows.The first chapter states the conception and characteristics of Reverse mortgage. Besides,it states the difference between Reverse mortgage and Houes-for-Pension,Reverse mortgage and Sicherungsabtretung,Reverse mortgage and traditional mortgage,and the difference between Reverse mortgage and Endowment insurance.The second chapter analyzes the difficulties of applying Reverse mortgage in Chinese environment in order to make for transplanting of Reverse mortgage into China.The last chapter sets up some methods to settle the difficulties,including clearing the development model,improving rules and regulations,standardizing the system going with Reverse mortgage,and so on.Finally,this paper draws the following conclusion: Our country has the realistic demand for Reverse mortgage. It is of great significance to develop Reverse mortgage in China in the sight of law.