美国次贷危机爆发以来,国内外学者从不同视角透析了危机成因。本文分别从美国宽松的经济政策、金融市场信息不对称、金融创新过度、缺乏对金融创新的监管等方面进行的分析,以此阐明次贷危机对我国金融、房地产行业的启示。 Since the outbreak of the sub-prime mortgage crisis in the United States, scholars at home and abroad have analyzed the causes of the crisis from different perspectives. This paper analyzes the loose economic policies, the asymmetric information in financial markets, the excessive financial innovation and the lack of supervision of financial innovation in order to illustrate the implications of the subprime mortgage crisis on China’s financial and real estate industries.