on chinas real estate financial market risk analysis（在中国的房地产金融市场风险分析）.docVIP

On China’s real estate financial market risk analysis Paper Network: Paper 2007 U.S. subprime mortgage crisis erupted as the 1930s was the largest since the financial crisis sweeping the globe in a relatively short time, to hit the global real economy through analysis of the U.S. subprime mortgage crisis causes and China’s real estate market risks, we can see China and the U.S. real estate market in common, while the real estate market started late in the development stage, and there is its particularity, for the current real estate financial market risks , the corresponding countermeasures. Paper Keywords: sub-prime crisis, the real estate market, financial risk, risk prevention 1 U.S. subprime mortgage crisis 2001 9 ? 11 incident, the U.S. dot-com bubble burst, the U.S. recession, in order to prevent excessive economic downturn, the Fed implemented a loose monetary policy, and in June 2003 to 13 consecutive interest rate cuts, low interest rates of 1% to June 2004. a great low interest rate policy to stimulate consumption and investment, making the rapid prosperity of the real estate market, real estate prices continue to rise and bubble. and homeownership in the United States government’s policy of encouragement, a large number of secondary Lenders have to apply for loans, but when interest rates rise, they are unable to repay the face of high prices and interest income of commercial banks to adapt to more competition, continue to lower lending standards, making the increased risk. In order to spread risk , commercial banks will sell its investment banking, investment banking through the packaging, securitization of assets, and finally sold to investors in the process, forget the rating agencies see the benefits and risks of supervision contributed to the crisis broke out more. U.S. current account deficit, and other emerging countries in Southeast Asia’s current account surplus brought a lot of dollars in reserves, plus a lot of dollar reserves