Research On Housing Endowment Financial Products In China

China's aging population continues to increase,the current old-age security system and the traditional family pension mode,has been difficult to cope with growing aging population crisis,need to explore new model of pension.Retirement with house as a new mode of pension,to alleviate the pressure of the pension in our country there will be a big help.In this paper,by using comparative research methods,theoretical analysis and research for reference method,system analysis and research methods and related research methods,from the plight of the pension in our country at present,research on the present housing reverse mortgage loan the new endowment mode of theoretical significance and practical significance,the research house to pension mode in China's development opportunities and development way.In this paper,the main conclusion:China's huge pension gap and pension security system is not sound,to make the housing endowment of great necessity.To carry out the marketization of housing reverse mortgage loan of financial institutions,need to reasonable pricing of housing reverse mortgage loan,respectively,with and without foreclosure has foreclosed housing reverse mortgage loan,no foreclosure product pricing in a lump sum payment and sustainable pension payment mode has different product pricing model,a foreclosure pricing by Black-Scholes option pricing model,build a riskless portfolio hedging.