我国共有产权房资产证券化研究  

Research on the Assets Securitization of Co-ownership Houses in China

作　　者：胡吉亚 

机构地区：[1]中国社会科学院大学经济学院,北京102488

出　　处：《金融教育研究》2018年第1期3-7,共5页Research of Finance and Education

基　　金：国家社科基金重点项目"我国经济发展方式转型中的金融保障体系研究"(10AJL005)

摘　　要：当前共有产权房已经在我国多座城市开始试点推广,取得了一定的成绩。但是,作为保障性住房的一类,融资渠道较为单一,资金缺口较大。文章在对共有产权房资产证券化可行性分析的基础上,构建共有产权房资产证券化框架,并设计共有产权房资产证券化具体操作流程,将证券化过程分为组建、发行和清算三个阶段九个步骤进行阐述。针对证券化过程中存在的问题,文章提出建立共有产权房资产证券化体系;推动资产证券化立法;加强监管,建立投资者保护机制等建议,拟为缓解当前共有产权房建设资金不足问题提供参考。At present,the co-ownership house has been launched in many cities in China,and has achieved some success. However,as a kind of affordable housing,the financing channels are relatively single and the funding gap is relatively large. Based on the analysis of the feasibility of assets securitization of co-ownership house,this article constructs the asset securitization framework of common property rights house,and designs the concrete operational process of assets securitization of co-ownership house. The process of securitization is divided into three stages including nine steps： formation stage,distribution stage and liquidation stage. For the problems that exist in the process of securitization,this article puts forward some suggestions： establish a joint property securitization system for co-ownership house; promote asset securitization legislation; strengthen supervision; establish investor protection mechanism and so on.

关 键 词：共有产权房 资产证券化 SPV 融资 

分 类 号：F832.5[经济管理—金融学]