【作者】 李珊珊；

【导师】 何问陶；

【作者基本信息】 暨南大学 ， 金融学， 2002， 硕士

【摘要】 三十年多年来，住房抵押贷款证券化在发达国家特别是美国已经发展得相当成熟，而我国近几年在这方面的理论研究也越来越深入。但对现阶段证券化在我国是否可行的问题，理论界仍各持所见。在此背景下，本文从住房抵押贷款业务的经营风险着手，阐述了住房抵押贷款证券化这种金融创新工具对贷款机构的风险和资产负债管理的卓越贡献。随后，对抵押贷款证券化在美国、澳大利亚、香港的发展情况进行了国际比较，提出对我国的启示和借鉴意义。紧接着，本文深入分析了我国现阶段开展住房抵押贷款证券化的可行性，认为虽然某些方面的制度条件仍不完善，但总体来说我国已经初步具备了开展证券化的基础。最后，本文进一步对我国开展住房抵押贷款证券化的原则、市场主体设计、结构及证券设计作出探讨，提出了证券化的试点方案，并分析了目前所遇到的问题和相应的对策。更多还原

【Abstract】 The last three decades have witnessed the maturation of housing mortgage securitization in most western countries, especially in the U.S. The theoretical research in this respect is also going on more and more profoundly in China in recent years. However, as to the issue of whether China is fully prepared to embrace this new technique at this stage, there has no unanimous opinion.Starting with an introduction to the operation risks in housing mortgage loans, the thesis illustrates the significance of mortgage securitization to the risk and asset-debt management. In the second chapter, comparisons are made among the securitizations in U.S., Australia and Hong Kong from which enlightenments are drawn for us. The third chapter analyzes the feasibility of securitization in China, showing that basic requirements have been met in spite of imperfections in some aspects. The thesis further presents suggestions on how to construct securitization mechanism in China, and finally assesses the problems we meet and gives the solutions.更多还原