| This article is for the purpose of through to economical developed country and the local housing mortgage loan securitization comparison research to profit from their experience about how to carry out the housing mortgage loan securitization in China.As early as in 1990, Nobel economic prize new owner Sharp and Mill once proposed that,"The real estate securitization will be key point of the future finance development."Foresaw the real estate securitization ahead of time in the financial development function. From overseas looked, American already established a set of complete system of housing mortgage loan securitization, Other developed country and the area also in abundance profit from US's experience carry out the housing mortgage loan securitization in their country or the area, This act improved and raised inhabitant's housing level, promoted capital market development, enhanced commercial bank property aspects and so on fluidity to play the enormous impetus role. But in our country the mortgage loan securitization also is at the experimental stage and implements truly is beset with difficulties. That, what has hindered the securitization advance footsteps? The reason is various. The core part lies in the imperfect legal, the deficient good faith credit present situation, and not too standard of the capital market operation. This article to partial economical developed country and areas'housing mortgage loan securitization origin, the development present situation and so on conducts the comparison research, the goal lies in seeking the pattern and the correlation necessary system construction which suit our country to carry out the housing mortgage loan securitization.Besides introductory remarks, the full text divides five parts to launch. First chapter main introduces housing mortgage loan securitization correlation theories, analyzes the connotation, the significance and the operational mechanism and so on the basic principle of the housing mortgage loan securitization, discusses the main risk of the housing mortgage loan securitization; Second chapter through to comparative analysis developing process of the housing mortgage loan securitization in American, Canadian, Western Europe as well as Chinese Hong Kong. Summarizes the enlightenment to develop the housing mortgage loan securitization in our country; Third chapter to current carried out the housing mortgage loan securitization in our country the necessity, the feasibility has carried on the effective analysis;Fifth chapter has analyzed the main system barrier which our country housing mortgage loan securitization faces, and proposed the related countermeasure and the suggestion. |
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