住房抵押贷款证券化（ＭＢＳ）是近２０年来世界金融领域最重大的创新之一 ,它是在西方社会融资证券化趋势所造就的大环境下应运而生并迅速发展起来的。目前 ,住房抵押贷款证券的品种和技术不断创新 ,形成了全球发展的趋势。从国际金融发展趋势来看 ,ＭＢＳ的推行是我国住房金 MBS is one of the most important innovations in the field of finance in the world in the past two decades. It has emerged and developed rapidly in the environment created by the trend of securitization of western social finance. At present, the varieties and technologies of the mortgage-backed securities are continuously innovated, forming a trend of global development. From the perspective of international financial development, the implementation of MBS is China’s housing fund