Study on feasibility of housing mortgage-backed security in China

The housing mortgage-backed security is common in foreign countries, in this article other countries' deeds about the finance tool is introduced for reference. It is not cushy that the finance tool really works. For many conditions dissatisfied, difficulties are placed there. From Sep. in 2000, the Industrial & Commercial Bank of China and China Construction Bank declare fore-and-aft that they are authorized to experiment the Housing Mortgage-backed Security. But until now, the housing mortgage-backed. security does not appear. Is it the right time to develop the finance tool, do the relative conditions possess, who is the beneficiary in the operation of the finance tool and so on, which are the problems involved in the article.