我国房地产证券化研究摘要随着我国住房体制改革、金融创新,证券市场的日益完善,法律、法规体系进一步的加强,我国房地产证券化已实施的条件,虽然大规模实施房地产市场和技术仍面临着资产证券化、体制、法规等诸多方面的制约,但可以选择房地产证券化业务的发展是可行的。近年来,我国房地产业作为已逐步发展,但仍有许多问题和障碍,需要从两个方面的理论和实证研究来指导我国实施资产证券化的地产。房地产业作为一项伟大的投资,回报周期较长的产业,其发展是离不开资本市场的支持。近年来,由于国内房地产开发阈值的不断提高,银行贷款的难度加大,房地产商不得不将注意力转向资本市场,并积极寻求多样化的融资渠道,目前我国的房地产市场是资本为王的时代,成为房地产金融市场的一大亮点。关键词：房地产证券化；可行性；理论基础；建议PicktoWithChina'shousingsystemreformandfinancialinnovation,thestockmarketisincreasinglyperfect,laws,rulesandregulations,systemfurtherstrengthen,China'srealestatesecuritisationalreadyintheimplementationofthecondition,althoughlarge-scaleimplementtherealestatemarketandthetechnologyisstillfacedwithassetsecuritization,system,regulationsofmanyaspects,suchasconstraints,butcanchoosethedevelopmentofrealestatesecuritisationisfeasible.Inrecentyears,China'srealestateashasgraduallydeveloped,buttherearestillmanyproblemsandobstacles,needfromtwoaspectsoftheoryandempiricalstudiestoguideourimplementationofassetsecuritizationofrealestate.Therealestateindustryasagreatinvestment,returncyclelongerindustry,itsdevelopmentiscannotleavethecapitalmarketsupport.Inrecentyears,duetothedomesticrealestatedevelopmentthresholdvalueriseceaselessly,increaseddifficultiesofbankloans,estatebusinesshavetoturntheirattentiontothecapitalmarket,andactivelyseekthediversityofthefinancingchannels,atpresent,China'srealestatemarketisthecapitalofthedaysofking,becomethefinanceoftherealestatemarket,theonelargewindow.目录绪论................................................................11房地产证券化的基本概念............................................11.1房地产证券化的背景...........................................11.2房地产证券化的基本概念.......................................21.3房地产证券化的分类...........................................21.4房地产证券化的特点...........................................21.4.1基础资产的法律形式是合同权利...........................21.4.2参与者众多，法律关系复杂...............................21.4.3独特的融资模式.........................................31.4.4安全系数高.............................................31.4.5证券品种多样化，适合于投资.............................31.4.6政策性强...............................................32我国房地产证券化的可行性.........................................32.1我国目前的现状...............................................32.1.1房地产抵押债权证券化的发展现状.........................42.1.2房地产投资权益证券化的发展现状.........................42.2我国实现房地产证券化的理论基础...............................42.2.1风险分散理论...........................................42.2.2分工理论...............................................42.2.3不对称信息理论.........................................52.2.4交易成本理论...........................................52.2.5规模经济理论...........................................52.3实现房地产证券化的益处......................................53我国证券化发展存在的问题.........................................53.1金融体系信用制度的不完善............................
