Chapter 1. The Emerging Mortgage Markets in China

  1. Danny Ben-Shahar BA, MBA, PhD Senior Lecturer board member member2,
  2. Charles Ka Yui Leung Associate Professor visiting scholar referee editorial board member member3 and
  3. Seow Eng Ong PhD Professor president recipient4
  1. Yongheng Deng PhD Associate Professor Director economist and
  2. Peng Fei PhD, masters degree in management and dual, bachelor degrees

Published Online: 2 FEB 2009

DOI: 10.1002/9781444302301.ch1

Mortgage Markets Worldwide

Mortgage Markets Worldwide

How to Cite

Deng, Y. and Fei, P. (2008) The Emerging Mortgage Markets in China, in Mortgage Markets Worldwide (eds D. Ben-Shahar, C. K. Y. Leung and S. E. Ong), Blackwell Publishing Ltd., Oxford, UK. doi: 10.1002/9781444302301.ch1

Editor Information

  1. 2

    Faculty of Architecture and Town Planning, Technion – Israel Institute of Technology, Israel

  2. 3

    Department of Economics and Finance, City University of Hong Kong, Hong Kong

  3. 4

    Department of Real Estate, National University of Singapore, Singapore

Author Information

  1. School of Policy, Planning, and Development, University of Southern California (USC), USA

Publication History

  1. Published Online: 2 FEB 2009
  2. Published Print: 16 MAY 2008

Book Series:

  1. Real Estate Issues

Book Series Editors:

  1. Stephen Brown5,
  2. John Henneberry6,
  3. K. W. Chau7 and
  4. Elaine Worzala8

Series Editor Information

  1. 5

    Royal Institution of Chartered Surveyors, UK

  2. 6

    Department of Town & Regional Planning, University of Sheffield, UK

  3. 7

    Department of Real Estate and Construction, The University of Hong Kong, Hong Kong

  4. 8

    Edward St. John Department of Real Estate, Johns Hopkins University, USA

ISBN Information

Print ISBN: 9781405132107

Online ISBN: 9781444302301



  • mortgage markets worldwide - mortgage market evolution in China;
  • residential mortgage market in household-ownership oriented housing reform;
  • history of residential housing and mortgage markets in China;
  • individual households through State-Owned Enterprises (SOEs) – work units ‘Danwei’ in Chinese;
  • dual-channel housing finance system;
  • housing finance system framework of China;
  • China Construction Bank (CCB) and mortgage loans in China;
  • China and adjustable rate mortgages (ARMs);
  • China's banking market monopolized by state-owned commercial banks (SOCB);
  • Chinese borrowers tending to be ‘uncertainty averse’


This chapter contains sections titled:

  • The evolution of the mortgage markets in China

  • An early assessment of China's residential mortgage loans performance

  • Notes

  • References