房地产证券化的内涵 ,既包含房地产抵押债权转化为可转让的有价证券 ,也包含房地产所有权直接投资转化为具有变现性的有价证券。房地产证券化后 ,会对我国房地产业的持续发展起推动作用。作者指出了我国房地产证券化过程中的障碍因素 ,提出了相应的对策 The connotation of real estate securitization includes not only the real estate mortgage creditor’s rights into negotiable securities, but also the direct investment of real estate ownership into realizable securities. Real estate securitization, will be on the sustained development of China’s real estate industry to play a catalytic role. The author points out the obstacles in the process of real estate securitization in our country and puts forward corresponding countermeasures