美国次按危机对中国法律的启示

美国“次按”危机於2007年7月爆发．形成环球金融市场震荡．至今为止．市场对是次危机的成因仍是众说纷纭。然而，相对於欧州，这次美国“次按”危机对中国金融市场只是带来有限度的冲击，但我们可从中探求这次金融危机对中国日後制定相关法规时．作为启示作用。 首先，我们必须清楚了解“次按”危机的起源，可以肯定的是，在各种成因背後。都是有一个因素引致出来的，造就是“监管不足”。 简而言之，“次按”就是美国的银行向缺乏良好信贷纪录或收入的人作出物业按揭次级贷款，其含意是须要藉所购买的物业陞值。来使该等次级贷款得以偿还。而“次按”借款人的信贷纪录不良，为什麽银行仍乐意放贷给他们呢？

.S. Subprime Crisis ：A Valuable Lesson for Chinese Law

The U.S. subprime loan crisis broke out in July 2007, roiling financial markets around theworld. Up to the present, there still exist various opinions at the marketplace on the causes of the crisis. However, in comparison with what happens in Europe, the U.S. subprime loan crisis only generated limited shocks to the financial markets in China. Yet, we can probe the U.S. subprime loan crisis in order to learn useful experience from it, which can serve as a valuable lesson for China＇s relevant legislation in future.
Firstly, we should well understand the fundamental causes of the U.S. subprime crisis. What is affirmable now is that all causes of it can be attributed to just a single factorinsufficiency of regulation and supervision.
In short, a subprime loan is a rate spread house mortgage loan that is given by U.S. banks to people with a bad credit record or lower income, offered in anticipation of appreciation of the house to be purchased with the loan, in order that the loan will be repaid in future. Then, why are U.S. banks willing to extend loans to borrowers with a bad credit record？