证券、证券市场的发展是与法律制度密不可分的 ,住房抵押贷款证券化也是如此。作者对在广州市推行住房抵押贷款证券化进行了法律环境研究 ,在总结我国证券立法的基础上 ,针对推行住房抵押贷款证券化所面临的问题 ,提出了应采取的措施和建议 The development of securities and securities markets is inseparable from the legal system, as is the case of mortgage-backed securities. The author studies the legal environment for the implementation of the mortgage-backed securitization in Guangzhou City. On the basis of summarizing the securities legislation in China, the author puts forward the measures and suggestions to be taken in the implementation of the mortgage-backed securities