为何实行抵押贷款证券化? 当住宅支出占中国居民支出的比重不断提高时,反映在金融领域,住宅金融,特别是个人住房消费信贷在整个金融体系中所占的位置也越来越显要了。近年来,银行降息政府让利等多项政策的频繁出台,使中国个人住房抵押信贷的规模不断上升。截至2002年底,四大国有商业银行个人住 Why Mortgage Securitization Comes? When housing expenditure accounts for a rising proportion of Chinese residents’ expenditure, it is reflected in the financial sector that home finance, and in particular personal housing consumer credit, is also gaining prominence in the overall financial system. In recent years, the frequent issuance of a number of policies such as the government interest rate cut by the banks to cut interest rates has continuously raised the size of China’s personal housing mortgage credit. As of the end of 2002, the four state-owned commercial banks live individually