| 摘要: |
| 摘要：中央金融工作会议提出，促进金融与房地产良性循环，加快保障性住房等“三大工程”建设，构建房地产发展新模式。基于我国房地产发展新趋势，以金融支持住房租赁市场供给侧结构性改革为根本，深入探讨我国住房租赁金融发展情况。研究发现：近年来我国加大政策支持力度，推动住房租赁金融的加速发展，在传统信贷、债券、资产证券化产品及股权投资等方面进行了积极探索和实践，对促进住房租赁市场发展起到了一定的支撑作用。但受住房租赁市场低市场化结构、低回报率特性和低迷发展环境等因素影响，我国住房租赁金融发展存在规模小、金融机构参与积极性不高、金融创新不足和金融服务效能不畅等问题，住房租赁市场与金融市场的良性循环有待提升。建议加强顶层设计、强化激励措施、加快金融创新、优化配套政策，通过建立健全的住房租赁金融支持体系，促进住房租赁市场稳健发展。 |
| 关键词: 关键词：房地产；保障性住房；REITs；政策性金融 |
| DOI： |
| 分类号:F832.0 |
| 基金项目: |
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| Research on the Development Status，Existing Problems，and Countermeasures of Housing Rental Finance |
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JIANG Xiao-fan，YE Chi-lian，TAN Guang-quan，LIANG Guang-ming
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(People’s Bank of China Zhanjiang Branch)
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| Abstract: |
| Abstract：The Central Financial Work Conference proposed to promote a virtuous cycle between finance and real estate，accelerate the construction of the "three major projects" such as affordable housing，and build a new model for real estate development.This article is based on the new trend of real estate development in China，with financial support for the supply side structural reform of the housing rental market as the foundation，and deeply explores the development of housing rental finance in China.Research has found that in recent years，China has increased policy support to accelerate the development of housing rental finance，actively exploring and practicing traditional credit，bonds，asset securitization products，and equity investment，which has played a certain supporting role in promoting the development of the housing rental market.However，due to the low marketization structure，low return characteristics，and sluggish development environment of the housing rental market，there are problems in the development of housing rental finance in China，such as small scale，low participation enthusiasm of financial institutions，insufficient financial innovation，and poor efficiency of financial services.The virtuous cycle between the housing rental market and the financial market still needs to be improved.Finally，based on the experience of countries such as the United States，Germany，and Japan，it is recommended to strengthen top-level design，strengthen incentive measures，accelerate financial innovation，and optimize supporting policies.By establishing a sound financial support system for housing rental，the stable development of the housing rental market can be promoted. |
| Key words: Key words：Real Estate；Affordable Housing；REITs；Policy Finance |
