2008•Journal of Henan Institute of Financial ManagementRequires access
Viewing Risk in Housing Mortgage Loan in China from Sub-prime Mortgage Loan Crisis in the USA
Chen Zhan-wu
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Abstract
The outbreak and expansion of American sub-prime mortgage loan crisis has no doubt had great influence on world financial industry,which has also aroused great concern by Chinese academic community with housing mortgage loan risks in China.There are such risks for housing mortgage loan in China as relatively simple real estate financial system,single participants,low risk controlling levels of commercial banks,no securitization of housing mortgage loan,etc.In future,in order to further push forward the development of assets securitization in China and support risk management of individual housing mortgage loan from the policy,it's necessary for the central bank to strengthen regulation of bank loan quality for constructing an effective financial system regulation institution.