The Sub-prime Lending Crisis and the Risk Characteristics on China's Residential Mortgage Market

摘要

Currently sub-prime crisis is previous issue around world economy. This paper explores some underlying causes of this crisis by related summary data, moreover combining the development of China's residential mortgage market analyze the unique risk characteristics on this system, such as systemic risk, credit risk, liquidity risk. And basing on these investigations we conclude some policy recommendations to improve regulatory environment of China's housing finance sector.