| The 16th Committee of CPC in 2004 points out that we should develop personal houses market quickly and healthily .In our country , the personal houses mortgage market will be making its way into a period of developing at high speed . Through more than 20 years' practice of opening and with reforming the system of assigning houses, the people in town accept the method of buying houses by themselves. But it is impossible for many of them to take out all at once to buy commercial houses. In another hand, a few people have bought a lot of houses for rental in these years. They all need a market to mortgage. That is a good base to build the personal-loan market. Because our personal mortgage market is still in a beginning step, and not having a proper well-matched manner of execution, almost all of the commercial banks have the same product about all of the commercial banks almost have the same product about this loan. It is not fit for the economy in our county that develops very quickly. In order to expand on the function of houses mortgage, and to meet with the demand for houses, we need more and more methods of mortgage. In this article, the author compares the products designed between China commercial banks and Citi Bank. Analysing present conditions in houses mortgage in our country, the author expresses his opinion and proposal. In the first part, the author reasons for the premise and background for the personal mortgage and explains the foundations and factors for our banks developing the business. The second part details risk of houses mortage in China. The third part tells how to provide against the risk of mortgage in China. In the next part, the author gives tow suggests to develop our personal houses mortgage.Benefiting from another developed country's experience our banks must improve the competence. In the meantime, we must learn how to control the personal houses mortgage risk. We believe, the personal houses mortgage will be developing greater and greater. |
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