PAGEPAGE4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TOC\o"1-3"\h\uHYPERLINK\l_Toc9272绪论PAGEREF_Toc92721HYPERLINK\l_Toc124951房地产证券化的基本概念PAGEREF_Toc124951HYPERLINK\l_Toc117221.1房地产证券化的背景PAGEREF_Toc117221HYPERLINK\l_Toc47431.2房地产证券化的基本概念PAGEREF_Toc47432HYPERLINK\l_Toc177801.3房地产证券化的分类PAGEREF_Toc177802HYPERLINK\l_Toc278301.4房地产证券化的特点PAGEREF_Toc278302HYPERLINK\l_Toc195871.4.1基础资产的法律形式是合同权利PAGEREF_Toc195872HYPERLINK\l_Toc110901.4.2参与者众多，法律关系复杂PAGEREF_Toc110902HYPERLINK\l_Toc223831.4.3独特的融资模式PAGERE