对次贷危机爆发后中国房地产金融创新的思考

房地产金融创新是房地产金融业发展的必然要求,对促进房地产业发展具有重要意义。鉴于其重要价值,房地产金融创新在许多国家受到积极支持,并遵循一定的发展规律。但是,房地产金融创新也会产生风险,次贷危机的爆发生动而深刻地展示了房地产金融创新的现实风险,引起了金融界关于加强监管的反思。本文认为:对于房地产金融创新,我们应正确认识其价值和局限,全面协调推进创新,有效防范风险。要从中国实际出发,借鉴国际房地产金融创新的经验和教训,继续推进创新,改善监管,完善风险防范体系。

Consideration on Real Estate Financial Innovation after the Outbreak of Sub-Prime Crises

Real estate financial innovation is a natural requirement for the development of real estate financial industry and is of great significance to promote the development of real estate industry. Real estate financial innovation obtains positive support in a number of countries due to its significance and follows a certain trend. But real estate financial innovation also produces risks. The outbreak of sub-prime crises demonstrates vividly and deeply real risks caused by real estate financial innovation and it attracts revisit of supervision enhancement among financial circle. For real estate financial innovation, this paper believes that we should understand its value and limitation, promote real estate financial innovation comprehensively and effectively prevent risks. We should further promote innovation, improve supervision and optimize risk prevention system taking into account of Chinese practical situation and the international experiences of lessons of real estate financial innovation.