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In April 2007 , the second-largest U.S. subprime mortgage companies - New Century Financial Corporation filed for bankruptcy protection , caused a panic on Wall Street , the outbreak of the U.S. subprime mortgage crisis . Thereafter , the sub-prime crisis intensified , causing major turmoil in the global financial markets , hedge funds were forced liquidation , many well-known commercial banks, international financial institutions have occurred huge losses , even bankruptcy , the global stock market crash . The crisis further spread quickly from the impact of the financial markets to the real economy , leading to the global economic crisis . With China's rapid economic development in recent years , real estate and real estate finance market has been booming . However , increasing the risks inherent in the same time, real estate finance , and poses a great threat to their healthy development . The outbreak of the subprime mortgage crisis , has provided us with the opportunity to learn from time . Subprime mortgage crisis , so that we get a lot of inspiration , is conducive to better carry out the real estate financial risk prevention work , in order to ensure the stable and healthy development of China 's real estate finance . Based on the knowledge of financial risks , the theoretical basis , first through a combination of methods of data analysis and theoretical analysis , the analysis of the U.S. subprime mortgage crisis evolution , and expounded the subprime mortgage crisis to the U.S. economy , China's economy and the world economy brought profound impact on this basis , a detailed analysis of the reasons for the outbreak of the subprime crisis in the United States . Secondly , on the current situation and existing problems of China 's real estate credit market are discussed , revealing the many risks of its existence . Finally, the combination of the U.S. subprime mortgage crisis brought profound lessons to make their own policy recommendations on how to further protect against the financial risks of China's real estate that should be focused from the macro-control policies , real estate finance , innovative products , real estate credit market stability, and financial regulatory to work .
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