有效降低制度创新成本是我国住房抵押贷款证券化能否成功实施的关键。我们可以通过健全和规范住宅市场秩序、培育住宅金融一级市场、实施有效金融监管、建立健全住房金融风险防范体系以及法律制度等来改善住房抵押贷款证券化的运行环境,以有效降低制度创立成本。 Effectively reduce the cost of system innovation is the key to the successful implementation of China’s mortgage-backed securities. We can improve the operating environment of housing mortgage loan securitization through sound and standardized housing market order, nurturing residential finance primary market, implementing effective financial supervision, establishing and improving housing financial risk prevention system and legal system, so as to effectively reduce the system creation cost .