【摘要】中国政府大力推动保障房建设，正在改变着中国房地产市场的格局。保障房催生房地产金融创新。本文根据金融创新理论，构建了由房地产金融产品创新、市场创新、组织创新、制度创新和监管创新构成的房地产金融创新体系。文章通过比较国外保障房制度与融资模式，分析了保障房推动下的中国房地产金融创新的方向主要是：基于供应链的房地产金融产品设计；锁定REITs的房地产金融制度建设；法制健全的房地产金融监管。中层收入人群的房地产金融市场；建立新型的政企合一的房地产金融组织；基于
【关键词】保障房 金融创新 房地产金融创新
Innovation of Real Estate Finance Promoted by Indemnificatory Housing
Hong Zhenting
Abstract：Chinese government has been energetically promoting to build indemnificatory housings, which will change the structure of china’s real estate market. Indemnificatory housing promotes the innovation of real estate finance. This paper builds an innovation system of real estate finance based on the financial innovation theory, which includes real estate finance product innovation, market innovation, organization innovation, institution innovation and supervision innovation. In the first, the author introduces and compares the foreign indemnificatory housing systems and financing modes, than analyses the innovation of real estate finance promoted by indemnificatory housing, and puts forward some suggests including designing real estate finance products based on supply chain, the real estate finance market locking in the middle class, establishing the new pattern real estate finance organization, building the real estate finance institution based on REITs and the real estate finance supervision based on integrated legal system.